Common use of Stored Materials Clause in Contracts

Stored Materials. If authorized by Owner, the Application for Payment may include request for payment for material delivered to the Site and suitably stored, or for completed preparatory work. Payment may similarly be requested for material stored off Site, provided Design-Builder complies with or furnishes satisfactory evidence of the following: (1) The material will be placed in a warehouse that is structurally sound, dry, lighted and suitable for the materials to be stored; (2) The warehouse is located within a 10-mile radius of the Project. Other locations may be utilized, if approved in writing, by Owner; (3) Only materials for the Project are stored within the warehouse (or a secure portion of a warehouse set aside for the Project); (4) Design-Builder furnishes Owner a certificate of insurance extending Design- Builder’s insurance coverage for damage, fire, and theft to cover the full value of all materials stored, or in transit; (5) The warehouse (or secure portion thereof) is continuously under lock and key, and only Design-Builder’s authorized personnel shall have access; (6) Owner shall at all times have the right of access in company of Design-Builder; (7) Design-Builder and its surety assume total responsibility for the stored materials; and (8) Design-Builder furnishes to Owner certified lists of materials stored, bills of lading, invoices, and other information as may be required, and shall also furnish notice to Owner when materials are moved from storage to the Site.

Stored Materials. If authorized by Owner, the Application for Payment may include request for payment for material delivered to the Site and suitably stored, or for completed preparatory work. Payment may similarly be requested for material stored off Site, provided Design-Design- Builder complies with or furnishes satisfactory evidence of the following: (1) The material will be placed in a warehouse that is structurally sound, dry, lighted and suitable for the materials to be stored; (2) The warehouse is located within a 10-mile radius of the Project. Other locations may be utilized, if approved in writing, by Owner; (3) Only materials for the Project are stored within the warehouse (or a secure portion of a warehouse set aside for the Project); (4) Design-Builder furnishes Owner a certificate of insurance extending Design- Builder’s insurance coverage for damage, fire, and theft to cover the full value of all materials stored, or in transit; (5) The warehouse (or secure portion thereof) is continuously under lock and key, and only Design-Builder’s authorized personnel shall have access; (6) Owner shall at all times have the right of access in company of Design-Builder; (7) Design-Builder and its surety assume total responsibility for the stored materials; and (8) Design-Builder furnishes to Owner certified lists of materials stored, bills of lading, invoices, and other information as may be required, and shall also furnish notice to Owner when materials are moved from storage to the Site.

Stored Materials. If authorized by Owner/DES, the Application for Payment may include request for payment for material delivered to the Site and suitably stored, or for completed preparatory work. Payment may similarly be requested for material stored off Site, provided Design-Builder complies with or furnishes satisfactory evidence of the following: (1) . The material will be placed in a warehouse that is structurally sound, dry, lighted and suitable for the materials to be stored; (2) . The warehouse is located within a 10-mile radius of the Project. Other locations may be utilized, if approved in writing, by Owner;be (3) . Only materials for the Project are stored within the warehouse (or a secure portion of a warehouse set aside for the Project); (4) . Design-Builder furnishes Owner Owner/DES a certificate of insurance extending Design- Builder’s insurance coverage for damage, fire, and theft to cover the full value of all materials stored, or in transit; (5) . The warehouse (or secure portion thereof) is continuously under lock and key, and only Design-Builder’s authorized personnel shall have access; (6) Owner . Owner/DES shall at all times have the right of access in company of Design-Builder; (7) . Design-Builder and its surety assume total responsibility for the stored materials; and (8) 8. Design-Builder furnishes to Owner Owner/DES certified lists of materials stored, bills of lading, invoices, and other information as may be required, and shall also furnish notice to Owner Owner/DES when materials are moved from storage to the Site.