Materials Stored. If the Application for Payment includes materials delivered and suitably stored at the Site but not incorporated in the work, they shall, if required by the Owner or the Design Professional, be conditional upon submission by the Contractor of bills of sale or such other procedure as will establish the Owner's title to such material or otherwise adequately protect the Owner's interest. The Contractor is responsible for the existence, protection, and, if necessary, replacement of materials until execution of the Final Certificate of the Design Professional. The Owner shall not pay for any materials stored off-site.
Materials Stored. Application for payment may include, at the Contractor’s option, the cost of products not yet incorporated into the Work which have been delivered to the site or to other storage locations authorized and approved by the Engineer. The Owner reserves the right to accept or reject pay requests for stored materials, and to limit payments to those stored materials which, in the Engineer's judgment, are necessary for continuing satisfactory Project progress. Payment for stored products will be subject to the following conditions being met or satisfied:
Materials Stored. If the Payment Application includes stored materials, payment shall be conditioned upon submission of bills of sale or other documents to establish Owner's title to such materials, adherence to Owner’s procedures to adequately protect Owner's interest, and execution of an agreement for storing materials off-site if the Payment Application includes request for payment for off-site stored materials. CM/GC is responsible for the existence, protection, and, if necessary, replacement of materials at least until execution of the Final Certificate of Design Professional.
Materials Stored. If periodic payments are made on account of materials delivered and suitably stored at the site but not incorporated in the work, they shall, if required by the Board, Program Manager or the Design Professional, be conditional upon submission by the CMR of bills of sale or such other procedure as will establish the Board’s title to such material or otherwise adequately protect the Board’s interest. The CMR is responsible for the existence, protection, and, if necessary, replacement of materials until issuance of the Final Certificate by the Design Professional and Board . The Board shall not pay for any materials stored off site.
Materials Stored. If periodic payments are made on account of materials delivered and suitably stored at the site but not incorporated in the work, they shall, if required by the Owner or the Design Professional and Program Manager, be conditional upon submission by the CM/GC of bills of sale or such other procedure as will establish the Owner's title to such material or otherwise adequately protect the Owner's interest. The CM/GC is responsible for the existence, protection, and, if necessary, replacement of materials until issuance of the Final Certificate by the Design Professional. The Owner shall not pay for any materials stored off site.
Materials Stored. For work on which the Design-Builder intends to request payment for materials stored at the site, the schedule of values will list materials and labor as separate line items.
Materials Stored. If periodic payments are made on account of materials delivered and suitably stored at the site but not incorporated in the work, they shall, if required by the Owner or the Program Manager and Program Manager, be conditional upon submission by the Design-Builder of bills of sale or such other procedure as will establish the Owner's title to such material or otherwise adequately protect the Owner's interest. The Design-Builder is responsible for the existence, protection, and, if necessary, replacement of materials until issuance of the Final Certificate by the Program Manager and Program Manager. The Owner shall not pay for any materials stored off site.
Materials Stored. In no event shall Lender be required to make any loan disbursement for any materials (or deposits therefor) unless such materials are installed or securely stored on-site.
