Stored materials

Project materials purchased but not yet permanently installed. They may be stored on site or at another location, subject to the project’s payment and financing conditions.

Why it matters

Supporting evidence can include invoices, ownership, identification, storage location, protection, and insurance. Seeing equipment in a warehouse does not by itself establish that the borrower owns it or that it is eligible for funding. Tracking continues when the materials are installed.

In practice

A project example

A deposit on custom switchgear is different from completed switchgear identified for the project and stored under documented arrangements.

General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.