What is owner furnished equipment?

Owner furnished equipment refers to items that are purchased and supplied by the project owner specifically for a construction project. In this context, the owner takes responsibility for procuring certain pieces of equipment, which are essential for the project but may not be part of the contractor's typical provisions. This can include large machinery, specialized tools, or other equipment required for specific tasks. The contractor is then tasked with the installation and management of this equipment during the course of the project.

This approach often helps streamline the procurement process, as owners may have specific preferences or requirements for the equipment used on their project. Additionally, by providing the equipment, owners can ensure that it meets their standards and specifications. In contrast, options related to rented equipment or tools owned by subcontractors do not align with the definition of owner furnished equipment, which distinctly involves ownership and supply by the project owner.