MAXIMUM AGREEMENT AMOUNTS Sample Clauses

MAXIMUM AGREEMENT AMOUNTS. The following are the maximum amounts established in this Agreement for each category of cost. total agreement amount. Consultant shall not be paid for any cost that exceeds these amounts without prior written approval from State. AMOUNT CATEGORY $ XXXXX for actual direct labor costs $ XXXXX for direct expenses $ XXXXX total agreement amount

MAXIMUM AGREEMENT AMOUNTS. The following are the maximum payment amounts established inunder this Agreement for each category of cost. Consultant shall not exceedbe paid for any cost that exceeds these amounts without prior written approval from State. The “indirect costs and direct expenses” category may be adjusted to exceed the amount listed below,; however, any adjustment will not increase the total agreement amount. AMOUNT CATEGORY $ XXXXX for actual direct labor costs $ XXXXX for indirect costs and direct expenses $ XXXXX for a fixed fee for profit $ XXXXX total agreement amount Over-run: Consultant shall require all of its subconsultants to notify Consultant any time it has been determined that a subconsultant’s costs will exceed its fee estimate (over-run). Consultant must provide an acceptable justification for the over-run and obtain State’s prior written approval before exceeding the subconsultant’s fee estimate. incurring any cost over- run expenses. If approved by State, a supplemental agreement will be prepared to either shift funds from Consultant to its subconsultant(s) or increase the contract maximum. Under-run: If the amount of any subconsultant’s cost is less than its fee estimate (under- run), Consultant understands that the amount of the under-run will be subtracted from the total compensation to be paid to Consultant under this Agreement, unless State gives prior written approval and, if necessary, approval from Federal Highway Administration (FHWA). If Consultant wishes to shift the balance of subconsultant’s fee to Consultant, justification must be provided to State. Shifting of funds may be approved by State with no increase to the fixed fee for profit unless additional scope of services is required by Consultant, and additional fee is necessary to complete the work under this Agreement.

MAXIMUM AGREEMENT AMOUNTS. Direct Labor Costs are the costs Consultant pays its employees for the time they are working directly on the project, and are calculated by multiplying the hourly rate of pay by the hours worked, (in increments not less than one quarter hour).

MAXIMUM AGREEMENT AMOUNTS. For each invoicing period, the Consultant may invoice State a portion of the fixed fee for profit equal to the sum of the actual direct labor costs and overhead (Indirect Costs, excluding FCCM if applicable) for the period, multiplied by the profit rate of XX.XX%. Upon completion of the services outlined in this Agreement, the Consultant may invoice State any remaining fixed fee for profit not previously invoiced. If all of the services under this Agreement are not completed for any reason, State may decrease the amount of fixed fee for profit based on State’s determination of the actual percentage of services completed.

MAXIMUM AGREEMENT AMOUNTS. The following are the maximum payment amounts established under this Agreement for each category of cost. Consultant shall not be paid for any cost that exceeds these amounts without prior written approval from LPA, or State on LPA's behalf. The "indirect costs and direct expenses" category may be adjusted to exceed the amount listed below; however, any adjustment will not increase the total agreement amount. AMOUNT CATEGORY $ 3,541.08 for actual direct labor costs $ 6,487.43 for indirect costs and direct expenses § 1,168.89 for a fixed fee for profit $ 11,197.40 total agreement amount