What does stored materials mean in construction?
Short definition
Stored materials are materials purchased for the project but not yet installed.
Longer explanation
Contracts may allow payment for stored materials if ownership, insurance, storage, protection, and documentation requirements are satisfied.
Example in context
“The project team reviewed the stored materials during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers
Related terms
Related resources
Construction Payment TermsBilling, retainage, lien, invoice, schedule of values, and job cost terms used in construction payment workflows.Pay Application vs InvoiceCompare construction pay applications with invoices submitted for payment.Construction Pay Application ProcessHow progress billing is prepared, reviewed, certified, and paid on construction projects.