Not to Exceed definition

Not to Exceed or “NTE” means the maximum amount for which Contractor has agreed to provide services in connection with a Project or LOA.

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Not to Exceed or “NTE” means the maximum price allowable to be paid for good(s) and/or service(s) under an Agreement.

Not to Exceed or "NTE" means:

Examples of Not to Exceed in a sentence

• Optional On-Call Provision (This provision only applies if checked and only applies to on-call agreements.) CITY may elect to, but is not required to, authorize on-call Services up to the maximum compensation amount set forth in Section 4 (Not to Exceed Compensation).

• In such cases, the City will establish an Allowance in the Work Order that shall serve as a Not to Exceed Fee for the Work to be performed on an Hourly Rate Basis.

• 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.

• For Time and Materials Not to Exceed Basis Services provided on a Deliverables Basis, Contractor shall invoice on successful acceptance of a Deliverable.

• Time and Materials Not to Exceed Basis Work Orders Provided On a Deliverables Basis When a Work Order specifies that the Work is to be provided on a Deliverables Basis and Contractor is to be compensated on a Time and Materials Not to Exceed Basis, Contractor shall be compensated at the Hourly Rates for Services as specified below, plus Travel and Living Expenses as specified below, plus Reimbursable Expenses as specified below.

More Definitions of Not to Exceed

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.

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 $150,000 during the term of this Agreement. Consultant shall not perform any services beyond the services identified in Exhibit “A” without prior written authorization from City’s Authorized Representative.

Not to Exceed provision means contractor bears financial risk

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 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 or “NTE” has the meaning set forth in Section 2.h of this Subcontract. “PEPCO” means the Potomac Electric Power Company.