Laserfiche WebLink
• <br />Adjustments <br />ADJUSTMENT TYPE AUTHORITY AMOUNT <br />ADMINISTRATIVE FEE - GENERAL 36 CFR 228A3 (B <br />J $50 <br />CREDIT $-1542.4 <br />Determination by the Authorized Officer of the quantity of materials taken is binding on Purchaser subject to <br />appeal only as provided in Sec. 14. AI I materials in the contract area in excess of the estimated quantity <br />listed above are reserved by Government. <br />Sec. 3. Payments, passage of title, and risk of loss. Title to materials sold hereunder passes to Purchaser <br />immediately before excavation and upon proper payment for such materials. No earl of the material sold <br />hereunder may be severed, extracted, or removed by Purchaser until payment for such materials has been <br />made in accordance with the following: <br />Unless materials sold under this contract are aid for in full in advance, payment for materials must be <br />made In installments of not less than rkfa each. The first installment must be paid upon <br />approval of this contract. <br />b. Each add itlonal Installment is due and payable as billed by the Authorized Officer in advance of <br />removal of the remaining material. The first installment will be retained as additional security for the full and <br />faithful performance of this contract by Purchaser, and will be applied in whole or in part to the payment of <br />the last installment required hereunder to make the total payment equal the totat price set forth in Sec. 2, <br />above. <br />The total purchase price must equal the sum of the total quantities severed, extracted, or designated <br />therefor, multiplied by their respective unit prices. The balance due where less than a full installment <br />remains to be paid upon the total price will be the value of material remaining to be severed or extracted. <br />Each installment wlil be held in suspense until the quantity of material covered thereby has been <br />determined. The total purchase price must be paid at feast 60 days before the expiration date of the <br />contract. <br />Upon termination, if the total payments made under the contract exceed the total value of the actual <br />materials removed, the excess will be returned to Purchaser, except as noted in 36 CFR 228.66. <br />c. Risk of toss shall be borne by the party holding title to the mineral material at the time of loss except <br />that nothing herein shall be construed to relieve either party from liability for breach of contract or any <br />wrongful or negligent act. <br />Sec. 4. Stipulation and reserved items. The rights of Purchaser are subject to the regulations in 36 CFR <br />228, Subpart C, which are made a part of this contract, and to the stipulation, if any, which are attached <br />hereto and made a part hereof as Exhibit A. <br />0