Rental Costs for Equipment Not Owned by Contractor Sample Clauses

Rental Costs for Equipment Not Owned by Contractor. The aggregate rental charges that the Authority will reimburse for equipment that is not owned by the DB Contractor, its Subcontractors, or any of their affiliates, subsidiaries, or other related parties, and that is rented from third parties for use in proper completion of the Work shall not exceed 100% of the fair market value of each such item at the time of its commitment to the Work. Such aggregate limitation will apply, and no further rental charges shall be reimbursed, even if a piece of equipment is taken off the Project and is later replaced by a similar piece of equipment. Upon the request of the Authority, the DB Contractor shall provide a lease versus purchase analysis, along with appropriate supporting documentation, to justify the reason for renting the equipment rather than purchasing it. The DB Contractor must obtain the Authority’s prior written approval before entering into any lease/purchase arrangement or seeking reimbursement of lease/purchase rental charges as a Cost of the Work.
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Related to Rental Costs for Equipment Not Owned by Contractor

  • Contract Work The provision of goods and services identified in the Contract constitute the contract work (Contract Work). Contractor shall perform the Contract Work pursuant to the terms of the Contract. Contractor shall furnish all labor, materials, equipment, tools, transportation, services, appliances, and appurtenances for the Contract Work in strict conformity with this Contract, within the time-period prescribed by the City.

  • By Contractor Should the Contractor be liable for any payments to the State hereunder, interest, late payment charges and collection fee charges will be determined and assessed pursuant to Section 18 of the State Finance Law.

  • STANDARD EQUIPMENT All items of standard equipment which are provided by the OEM shall be furnished unless such items are expressly deleted by the Authorized User or are specified to be other than standard in the Mini-Bid. When Optional equipment is specified, all components listed in the OEM’s data book as being included with the Option shall be furnished.

  • Solicitations for Subcontractors, Including Procurements of Materials and Equipment In all solicitations either by competitive bidding or negotiation made by the contractor for work to be performed under a subcontract, including procurements of materials or leases of equipment, each potential subcontractor or supplier shall be notified by the contractor of the contractor's obligations under this contract and the Regulations relative to nondiscrimination on the grounds of race, color, or national origin, sex, age, and disability/handicap.

  • Solicitations for Subcontracts, Including Procurements of Materials and Equipment In all solicitations either by competitive bidding or negotiation made by the Engineer for work to be performed under a subcontract, including procurements of materials or leases of equipment, each potential subcontractor or supplier shall be notified by the Engineer of the Engineer's obligations under this contract and the Regulations relative to nondiscrimination on the grounds of race, color, or national origin.

  • Direct Contracting Goods and works which the Association agrees meet the requirements for Direct Contracting may be procured in accordance with the provisions of said procurement method.

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