Common use of Contract Maximum Clause in Contracts

Contract Maximum. The total Agreement amount shall not exceed $1,200,000$2,060,000, including reimbursable and other direct costs. Reimbursable costs shall be billed in accordance with Exhibit C, Schedule of Fees. No mark-up will be accepted for charges generated from Team Members or sub-contractors. The total not-to-exceed compensation will be broken down into individual tasks that have yet to be determined. The amounts allocated for each task may be transferred and adjusted within these tasks with the written approval of the Director or designee. It will be the sole responsibility of the PM to monitor, track, amend, and with Director approval move the task dollars within the not-to-exceed budget of the total contract amount. A- E shall submit a monthly accounting report to County’s OC Waste & Recycling by Wednesday of the third week of the following month. The accounting report shall show the following information for each Task Order: • Amount Budgeted (original Agreement), • Revised Amount Budgeted (original Agreement plus fund transfers and amendments), • Amount Expended to Date, • Amount Being Invoiced, • Amount Remaining in Budget, and • Percentage of Task Funds Expended. • Contract and Encumbrance document numbers to be provided by the County. This report shall contain the total costs recorded to date on this Agreement and all Task Orders.

Contract Maximum. The total Agreement amount shall not exceed $1,200,000$2,060,0001,000,000, including reimbursable and other direct costs. Reimbursable costs shall be billed in accordance with Exhibit C, Schedule of Fees. No mark-up will be accepted for charges generated from Team Members or sub-contractors. C. The total not-to-exceed compensation will be has been broken down into individual tasks that have yet to be determinedtasks, See Exhibit A, Table 1. The amounts allocated for each task may be transferred and adjusted within these tasks with the written approval of the Director or designee. It will be the sole responsibility of the PM to monitor, track, amend, and with Director approval move the task dollars within the not-to-exceed budget of the total contract amount. A- E shall submit a monthly accounting report to County’s OC Waste & Recycling by Wednesday of the third week of the following month. The accounting report shall show the following information for each Task Order: •  Amount Budgeted (original Agreement), •  Revised Amount Budgeted (original Agreement plus fund transfers and amendments), •  Amount Expended to Date, •  Amount Being Invoiced, •  Amount Remaining in Budget, and •  Percentage of Task Funds Expended. •  Contract and Encumbrance document numbers to be provided by the County. This report shall contain the total costs recorded to date on this Agreement and all Task Orders.