Title to and Responsibility Towards Materials and Equipment Sample Clauses

Title to and Responsibility Towards Materials and Equipment. Title to all Materials and Equipment to be sold by the Contractor to the Owner shall immediately vest in the Owner and/or City upon delivery of such Materials and Equipment to the Work Site and prior to their becoming a part of a permanent structure. Notwithstanding such transfer of title, the Contractor shall, without cost to the Owner, and until such time as the Contract Work is fully accepted by the Owner have full and continuing responsibility with respect to such Materials and Equipment including, without limitation, the following responsibilities: 10.4.1 to install them in accordance with the provisions of this Contract; 10.4.2 to protect them; 10.4.3 to maintain them in a proper condition; 10.4.4 to forthwith repair, replace and make good any damage thereto or any theft or disappearance thereof; 10.4.5 to furnish additional Materials and Equipment in their place of any that may be lost, stolen or rendered unusable; and 10.4.6 any of the Contractor’s other obligations hereunder.
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Related to Title to and Responsibility Towards Materials and Equipment

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

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