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<br />00700 - 24/38 <br /> <br />3. Payment for materials from sources owned wholly or in part by the <br />purchaser shall not exceed the price paid by the purchaser for similar <br />materials from said sources on extra Work items or the current wholesale <br />price for such materials delivered to the Work site, whichever price is <br />lower. <br /> <br />4. If in the opinion of the ENGINEER the cost of material is excessive, or the <br />CONTRACTOR does not furnish satisfactory evidence of the cost of such <br />material, then the cost shall be deemed to be the lowest current <br />wholesale price for the quantity concerned delivered to the Work site less <br />trade discount. The OWNER reserves the right to furnish materials for <br />the extra Work and no claim shall be made by the CONTRACTOR for <br />costs and profit on such materials. <br /> <br />D. Equipment: The CONTRACTOR will be paid for the use of equipment as stated <br />in the latest edition of the "Compilation of Rental Rates for Construction <br />Equipment" by Associated Equipment Distributors. Such rental rate will be used <br />to compute payments for equipment whether the equipment is under the <br />CONTRACTOR's control through direct ownership, leasing, renting, or another <br />method of acquisition. The rental rate to be applied for use of each item of <br />equipment shall be the rate resulting in the least total cost to the OWNER for the <br />total period of use. The CONTRACTOR may furnish cost data which might assist <br />the ENGINEER in the establishment of the rental rate. <br /> <br />1. All equipment shall, in the opinion of the ENGINEER, be in good working <br />condition and suitable for the purpose for which the equipment is to be <br />used. <br /> <br />2. Before construction equipment is used on the extra Work, the <br />CONTRACTOR shall plainly stencil or stamp an identifying number <br />thereon at a conspicuous location, and shall furnish to the ENGINEER, in <br />duplicate, a description of the equipment and its identifying number. <br /> <br />3. Unless otherwise specified, manufacturer's ratings and manufacturer <br />approved modifications shall be used to classify equipment for the <br />determination of applicable rental rates. Equipment which has no direct <br />power unit shall be powered by a unit of at least the minimum rating <br />recommended by the manufacturer. <br /> <br />4. Individual pieces of equipment or tools having a replacement value of <br />$100 or less, whether or not consumed by use, shall be considered to be <br />small tools and no payment will be made therefor. <br /> <br />5. Rental time will not be allowed while equipment is inoperative due to <br />breakdowns. <br />