Common use of Maximum Cost Clause in Contracts

Maximum Cost. This is a cost reimbursable Contract with a maximum cost and contains a maximum fee and is subject to the conditions set forth in General Provisions 4 (GP4) article 14. ▇▇▇▇▇▇ agrees to negotiate promptly and in good faith with ▇▇▇▇▇ for the purpose of definitizing this Contract for the Goods/Services set forth herein. The maximum cost and maximum fee is subject to negotiation and downward adjustment only. The maximum cost breakdown is as follows: A. Estimated Cost: $ B. Cost of Money (COM): $ C. Fee: $ Total Estimated Price (A. plus B. plus C.): $