Common use of Estimated Liability Clause in Contracts

Estimated Liability. The total purchases of any goods or services under the Contract are not known. The State estimates the purchases during the Term shall be six million eight hundred forty thousand seven hundred dollars ($6,840,700.00) (“Estimated Liability”). The Estimated Liability per category is: Carpet with Installation Services: $570,000.00 Resilient Tile with Installation Services: $64,000.00 Resilient Base with Installation Services: $3,700.00 Ceiling Tile and Grid: $3,000.00 Paint: $1,200,000.00 Doors and Door Hardware with Installation Services: $5,000,000.00. This Contract does not grant the Contractor any exclusive rights. The State does not guarantee that it will buy any minimum quantity of goods or services under this Contract. Subject to the terms and conditions of this Contract, the Contractor will only be paid for goods or services provided under this Contract after a purchase order is issued to Contractor by the State or as otherwise specified by this Contract.