Common use of Maximum and Rate Clause in Contracts

Maximum and Rate. The total compensation payable to Consultant by City for the services under this Agreement SHALL NOT EXCEED the sum of $ (herein "not to exceed amount"), and shall be earned as the work progresses on the following basis: Hourly, at the hourly rates and with reimbursement to Consultant for those expenses set forth in Consultant's Schedule of Fees, attached a s Exhibit "B" and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon Consultant <for the term of this Agreement. <OR> un til (date), after which any change in the rates and expenses must be approved in writing by City's Project Manager (City is to be given 60 days’ notice of any rate increase request), provided the not to exceed amount is the total compensation due Consultant for all work described under this Agreement.> Use first option if Exhibit B shows rates for entire term of the contract. If rates are only fixed for a portion of the term and subsequent rates are unknown, use the second option. Date used in second option should not be the same as the term of the contract. In lump sum amounts per the payment schedule set out in Consultant’s Schedule of Fees, attached as Exhibit “B” and incorporated herein.

Maximum and Rate. The total compensation payable to Consultant by City for the services under this Agreement SHALL NOT EXCEED the sum of $ (herein "not to exceed amount"), and shall be earned as the work progresses on the following basis: Hourly, at the hourly rates and with reimbursement to Consultant for those expenses set forth in Consultant's Schedule of Fees, attached a s Exhibit "B" and incorporated herein. The rates and expenses set forth in that exhibit shall be binding upon Consultant <for the term of this Agreement. <OR> un til until (date), after which any change in the rates and expenses must be approved in writing by City's Project Manager (City is to be given 60 days’ notice of any rate increase request), provided the not to exceed amount is the total compensation due Consultant for all work described under this Agreement.> Use first option if Exhibit B shows rates for entire term of the contract. If rates are only fixed for a portion of the term and subsequent rates are unknown, use the second option. Date used in second option should not be the same as the term of the contract. In lump sum amounts per the payment schedule set out in Consultant’s Schedule of Fees, attached as Exhibit “B” and incorporated herein.