Not to Exceed or “NTE” means the maximum amount for which Contractor has agreed to provide services in connection with a Project or LOA.
Not to Exceed or "NTE" means:
Not to Exceed. Compensation. The compensation payable to CONSULTANT for the services identified in Exhibit A shall not exceed $581,649. CONSULTANT shall not perform any services beyond the services identified in Exhibit A without prior written authorization from the LOCAL AGENCY.
Examples of Not to Exceed in a sentence
This Undefined Position does not have an associated Not to Exceed rate.
The Not to Exceed estimate is in accordance with the Contractor’s T&M proposal and rates, as included in the attached proposal, dated XXXXXX.
The parties estimate that performance of this Contract will not exceed the Not to Exceed estimate.
The Not to Exceed amount may be exceeded only upon prior written increase in the scope of Work, accompanied by written authorization for an increase in fee from the City Manager.
The State plans to execute a Not to Exceed (NTE) Contract as a result of this RFP.
More Definitions of Not to Exceed
Not to Exceed. (NTE) means an FNS-approved cost containment methodology that vendors are subject to price limitations. For approved foods exceeding the NTE, payments to vendors are adjusted (reduced) to ensure the price paid for individual food items may be equal to, but not in excess of the maximum, not-to-exceed price.
Not to Exceed. Compensation. The compensation payable to Consultant for the services identified in Exhibit “A” shall not exceed $ . Consultant shall not perform any services beyond the services identified in Exhibit “A” without prior written authorization from the Town’s Authorized Representative. If the Town’s Authorized Representative provides authorization for additional services, the total compensation payable to the Consultant under this Agreement shall not exceed $ .
Not to Exceed. Compensation. The compensation payable to Artist for the services identified in Exhibit “A” shall not exceed $[DOLLAR AMOUNT]. Artist shall not perform any services beyond the services identified in Exhibit “A” without prior written authorization from the City’s Authorized Representative. If the City’s Authorized Representative provides authorization for additional services, the total compensation payable to the Artist under this Agreement shall not exceed $[DOLLAR AMOUNT].
Not to Exceed means the pricing mechanism specified in a Work Order where the Charges are expressed on a Time and Materials basis and includes a ceiling for the Charges which cannot be exceeded regardless of Supplier’s cost experience in performing the Services. Notwithstanding the foregoing, the Parties may agree to individual Work Orders that contain Charges that are both Not to Exceed and other than Not to Exceed. 254. OBJECT CODE
Not to Exceed means the maximum cumulative hourly fees allowable, which the Consultant shall not exceed without specific written authorization from the City. The “Not to Exceed” amount is not a guaranteed maximum cost for the services requested by the City and all costs applied to such shall be verifiable through time sheet and reimbursable expense reviews.
Not to Exceed. Compensation. City shall compensate Consultant for all Services performed by Consultant hereunder in an amount based upon Consultant’s hourly or other rates set forth in Exhibit “B”. The payments specified in Exhibit “B” shall be the only payments to be made to Consultant for Services rendered pursuant to this Agreement. Notwithstanding the foregoing, the combined total of compensation and costs payable hereunder shall not exceed the sum of and No/100 Dollars ($ .00) unless the performance of services and/or reimbursement of costs and expenses in excess of said amounts have been approved in advance of performing such services or incurring such costs and expenses by City, evidenced in writing authorizing such additional amount.
Not to Exceed means the maximum cumulative hourly fees allowable, which the Consultant shall not exceed without further written authorization of the Project Coordinator. The "Not to Exceed" amount is not a guaranteed maximum cost for the additional work requested, and all costs applicable to same shall be verifiable through time sheets 5.2 Additional Services may include, but not be limited to, the following: 5.2.1 Providing additional work relative to the Project which arises from subsequent circumstances and causes which do not currently exist, or which are not contemplated by the parties at the time of execution of this Agreement (excluding circumstances and causes 16 AGREEMENT-GENERAL TRANSPORTATION PLANNING AND TRAFFIC ENGINEERING CONSULTING SERVICES resulting from error, omission, inadvertence, or negligence of Consultant). 5.2.2 Serving as an expert witness in connection with any public hearing, arbitration proceeding, or legal proceeding, unless the subject matter at issue has arisen from the error omission, inadvertence, or negligence of Consultant. 5.2.3 [Intentionally Omitted] 5.2.4 [Intentionally Omitted] ARTICLE 6.