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3. The Contract Price and shall be reduced by the sum of all Costs of the Work paid by the <br /> Owner for Owner-Provided Materials plus any applicable sales and use tax amounts <br /> initially included in the Contract Sum and GMP for such Owner-Provided Materials. <br /> 4. The Contractor shall maintain separate accounting records for all transactions carried <br /> out under the authority of this Agreement. Such records shall be open to the Owner <br /> during normal business hours of the Contractor. <br /> 5. The Contractor shall select, obtain approvals, submit samples, price shop drawings, <br /> pursue, receive, inspect, and accept or reject all Owner-Provided Materials purchased in <br /> the manner described herein per the Contract. The Contractor shall remain responsible <br /> for the proper installation of all Owner-Provided Materials and will continue to warrant its <br /> installation of these Owner-Provided Materials as provided in the Contract. This <br /> Agreement will not be an acceptable excuse for delay to the construction schedule. <br /> 6. The authority granted the Contractor hereunder may be revoked by the Owner at any <br /> time upon written notice delivered to the Contractor at its offices at: <br /> during normal business hours. <br /> 7. The Owner agrees that the Contractor's Fee as set forth in the Contract shall not be <br /> reduced as a result of any Owner-Provided Materials deduct change orders; i.e., the <br /> Contractor's Fee shall continue to apply to the total sum of all remaining Costs of the <br /> Work plus the costs of all Owner-Provided Materials and plus the applicable tax <br /> amounts. Likewise, all agreed charging rates based on the Contract Price, including <br /> without limitation for bonds and insurance, shall continue to be charged based on the <br /> total sum of the Contract Price amount plus the costs of all Owner-Provided Materials <br /> and plus the applicable tax amounts." <br /> END OF DOCUMENT <br /> 08/12 00800-12 11-4179 <br />