Common use of Direct Purchase Program Clause in Contracts

Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” If Owner elects to implement a direct purchase program, it shall so notify Construction Manager in writing, and the terms of this paragraph shall govern, along with Owner’s policies on the subject in effect at the time Construction Manager commences construction of the Project. Construction Manager shall obtain Builder’s Risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager for the cost of such insurance as provided by this Agreement. Construction Manager shall be responsible for safeguarding all Direct Purchase Materials on the Project site on Owner’s behalf.

Appears in 7 contracts

Samples: Business Affairs Facilities Planning and Construction, Affairs Facilities Planning and Construction, Agreement for Construction Management Services

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Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” ”. If Owner elects to implement a direct purchase program, it shall so notify Construction Manager Design/Builder in writing, and the terms of this paragraph shall govern, along with Owner’s policies any Owner policy on the subject in effect at the time Construction Manager commences construction of the ProjectDirect Purchase Materials. Construction Manager Design/Builder shall obtain Design/Builder’s Risk risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager Design/Builder for the cost of such insurance as provided by this Agreement. Construction Manager Design/Builder shall act as Owner’s agent and be responsible for safeguarding all Direct Purchase Materials on the Project site on Owner’s behalfMaterials.

Appears in 5 contracts

Samples: With Guaranteed Maximum Price, facilities.ufl.edu, facilities.ufl.edu

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Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” ”. If Owner elects to implement a direct purchase program, it shall so notify Construction Manager the General Contractor in writing, and the terms of this paragraph shall govern, along with Owner’s policies any Owner policy on the subject in effect at the time Construction Manager commences construction of the ProjectDirect Purchase Materials. Construction Manager shall General Contractor may be required to obtain Design/Builder’s Risk risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager Design/Builder for the cost of such insurance insurance. Design/Builder shall act as provided by this Agreement. Construction Manager shall Owner’s agent and be responsible for safeguarding all Direct Purchase Materials on the Project site on Owner’s behalfMaterials.

Appears in 1 contract

Samples: Introduction

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