Discounts. 11.1 All quantity discounts shall accrue to the Owner. All trade discounts, rebates and refunds, including without limitation, rebates and refunds associated with insurance and payment and performance bonds, and all returns from the sale of surplus materials and equipment shall be credited to the Owner. Any surplus items remaining at Project completion shall be returned to or credited to the Owner at their fair market value at such time.
Appears in 7 contracts
Samples: Owner and Construction Manager, Agreement, Owner and Construction Manager
Discounts. 11.1 All quantity discounts shall accrue to the Owner. All trade discounts, rebates and refunds, including without limitation, rebates and refunds associated with insurance and payment and performance bonds, and all returns from the sale of surplus materials and equipment shall be credited to the Owner. Any surplus items remaining at Project completion shall be returned to or credited to the Owner at their fair market value at such time.
Appears in 5 contracts
Samples: Agreement, Agreement, facilities.fiu.edu
Discounts. 11.1 10.1 All quantity discounts shall accrue to the Owner. All trade discounts, rebates and refunds, including without limitation, rebates and refunds associated with insurance and payment and performance bonds, and all returns from the sale of surplus materials and equipment shall be credited to the Owner. Any surplus items remaining at Project completion shall be returned to or credited to the Owner at their fair market value at such time.
Appears in 2 contracts
Samples: Construction Manager, Construction Manager
Discounts. 11.1 9.1 All quantity discounts shall accrue to the Owner. All trade discounts, rebates and refunds, including without limitation, rebates and refunds associated with insurance and payment and performance bonds, and all returns from the sale of surplus materials and equipment shall be credited to the Owner. Any surplus items remaining at Project completion items, equipment or tools purchased for the project shall be returned to the Owner or credited to the Owner at their fair market value at such timeupon completion of the project.
Appears in 1 contract
Samples: Agreement Between