Common use of USE OF MATERIALS AND RETURN OF SURPLUS MATERIALS Clause in Contracts

USE OF MATERIALS AND RETURN OF SURPLUS MATERIALS. 5.m.1. Notwithstanding anything contained to the contrary in any or all of the clauses of this contract, where any materials for the execution of the contract are procured with the assistance of Government either by issue from Government stocks or purchase made under orders or permits or licences issued by Government, the contractor shall use the said materials economically and solely for the purpose of the contract and shall not dispose them of without the permission of the Owner. 5.m.2. All surplus(serviceable) or unserviceable materials that may be left over after the completion of the contract or at its termination for any reason whatsoever, the Contractor shall deliver the said product to the Owner without any demur. The price to be paid to the Contractor, if not already paid either in full or in part, however, shall not exceed the amount mentioned in the Schedule of Rates for such material and in cases where such rates are not so mentioned, shall not exceed the CPW D scheduled rates. In the event of breach of the aforesaid condition the contractor shall become liable for contravention of the terms of the Contract.

USE OF MATERIALS AND RETURN OF SURPLUS MATERIALS. 5.m.1. Notwithstanding anything contained to the contrary in any or all of the clauses of this contract, where any materials for the execution of the contract are procured with the assistance of Government either by issue from Government stocks or purchase made under orders or permits or licences issued by Government, the contractor Contractor shall use the said materials economically and solely for the purpose of the contract and shall not dispose them of without the permission of the OwnerEmployer. 5.m.2. All surplus(serviceablesurplus (serviceable) or unserviceable materials that may be left over after the completion of the contract or at its termination for any reason whatsoever, the Contractor shall deliver the said product to the Owner Employer without any demur. The price to be paid to the Contractor, if not already paid either in full or in part, however, shall not exceed the amount mentioned in the Schedule of Rates for such material and in cases where such rates are not so mentioned, mentioned shall not exceed the CPW D scheduled CPWD schedules rates. In the event of breach of the aforesaid condition the contractor Contractor shall become liable for contravention of the terms of the Contract.