Agreement for Storing Materials Off-Site
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EXHIBIT F
AGREEMENT FOR STORING MATERIALS OFF-SITE
This supplemental agreement is entered into this day of , between the
(hereinafter called "the Owner") and
(hereinafter called "the Contractor") for
WHEREAS, the Contractor desires to store certain materials off the site for use in construction of
under contract dated in order to furnish better storage, and desires to obtain advances for materials properly stored on the premises of
to the Contractor in accordance with contract provisions as if they were properly stored on the site, provided the following conditions are complied with:
1) The above described warehouse selected for off-site storage must be suitable for storage and satisfactory to the Owner;
2) Any extra expense incurred because of off-site storage shall be borne by the Contractor;
3) Storage shall be at the risk of the Contractor and the loss, damage, or destruction of any materials so stored does not relieve the Contractor of the duty to complete the contract and the Contractor shall, if necessary, replace such items at his own expense;
4) The Owner will advance to the Contractor 90% of the invoice value of the materials thus stored;
5) Payments for materials stored off the site will be made only on regular Periodical Estimates at the prescribed monthly intervals the same as for materials stored on the site;
6) All materials stored shall be adequately covered by insurance, and;
7) The consent of Surety shall be obtained and evidenced by signature hereto.
STATE BOARD OF HIGHER EDUCATION Owner Contractor
By: By:
COUNTERSIGNED BY: Surety
By: Resident Agent