Common use of Total Estimated Dollar Amount Clause in Contracts

Total Estimated Dollar Amount. The total estimated dollar amount of each order constitutes a ceiling price for that order. The requirements for notification set forth in Federal Acquisition Regulation [ (c) The Contractor shall notify the Contracting Officer in writing whenever it has a reason to believe that the costs it expects to incur under this contract in the next 60 days, when added to all costs previously incurred, will exceed 75 percent of (1) the total amount so far alloted to the contract by the Government or, (2) if this is a cost-sharing contract, the amount then alloted to the contract by the Government plus the Contractor’s corresponding share] are applicable to individual task orders. The ceiling amount for each order may not be exceeded unless authorized by a modification to the order. All revisions providing additional funds to a task order will include fee in the same manner as established in the basic task order.