Common use of Direct Purchases Clause in Contracts

Direct Purchases. 6.3.1 The City may utilize its Direct Purchase Option for this project whereby selected equipment and/or materials necessary for the project are specified by the CMAR and City to be directly purchased by the City, thereby saving sales tax on equipment and/or materials. It is intended that during the construction phase of the project the City and the CMAR will develop a schedule of necessary equipment and/or materials that are targeted for direct purchase by the City and the Direct Purchase Option will be implemented for this project and made part of this agreement such that the targeted amount of Potential Tax Saving will be realized. 6.3.2 Should the CMAR realize any savings under the Direct Purchase Option for equipment and/or materials purchased directly by the City, the City shall receive all savings.

Appears in 3 contracts

Sources: Construction Phase Services Agreement, Construction Phase Services Agreement, Construction Phase Services Agreement