Common use of Maximum Amount Payable Clause in Contracts

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 and the Local Agency funds of $318,300.00 will be encumbered for a total encumbrance of $2,166,300.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.001,746,043.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 1,746,043.00 and the Local Agency funds of $318,300.00 436,511.00 will be encumbered for a total encumbrance of $2,166,300.002,182,554.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.002,182,554.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and awardandaward. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal participating funds and the Local Agency matching funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.00440,000.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 440,000.00 and the Local Agency funds of $318,300.00 91,465.00 will be encumbered for a total encumbrance of $2,166,300.00531,465.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.00531,465.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.006,739,301.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 6,739,301.00 and the Local Agency funds of $318,300.00 1,434,635.00 will be encumbered for a total encumbrance of $2,166,300.008,173,936.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.008,173,936.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.001,250,326.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 1,250,326.00 and the Local Agency funds of $318,300.00 138,925.00 will be encumbered for a total encumbrance of $2,166,300.001,389,251.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.001,389,251.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.002,742,472.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 2,742,472.00 and the Local Agency funds of $318,300.00 800,000.00 will be encumbered for a total encumbrance of $2,166,300.003,542,472.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.003,542,472.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.00603,624.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 603,624.00 and the Local Agency funds of $318,300.00 125,479.00 will be encumbered for a total encumbrance of $2,166,300.00729,103.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.00729,103.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.00606,410.00. For CDOT accounting purposes, the federal funds of $1,848,000.00 606,410.00 and the Local Agency funds of $318,300.00 67,379.00 will be encumbered for a total encumbrance of $2,166,300.00673,789.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total budget is $2,166,300.00673,789.00, unless this amount is increased by an executed amendment before any increased cost is incurred. The total cost of the Work is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any cost is subject to revisions agreed to by the parties prior to bid and award. The maximum amount payable will be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement is less than the budgeted total of the federal funds and the Local Agency funds. The maximum amount payable will be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.

Maximum Amount Payable. The maximum amount payable to the Local Agency under this Agreement shall be $1,848,000.00. For 489,479.00 (for CDOT accounting purposes, the federal funds of $1,848,000.00 280,595.00 and the Local Agency matching funds of $318,300.00 70,149.94 and State funds of $208,884.00 will be encumbered for a total encumbrance of $2,166,300.00559,628.94), unless this such amount is increased by an appropriate written modification to this Agreement executed amendment before any increased cost is incurred. The total budget It is $2,166,300.00, unless this amount is increased understood and agreed by an executed amendment before any increased cost is incurred. The the parties hereto that the total cost of the Work stated hereinbefore is the best estimate available, based on the design data as approved at the time of execution of this Agreement, and that any such cost is subject to revisions agreed (in accord with the procedure in the previous sentence) agreeable to by the parties prior to bid and award. DRAFT The maximum amount payable will shall be reduced without amendment when the actual amount of the Local Agency’s awarded Agreement contract is less than the budgeted total of the federal participating funds and the Local Agency matching funds. The maximum amount payable will shall be reduced through the execution of an Option Letter as described in Section 7. E. of this contract. This applies to the entire scope of Work.