Not-to-Exceed Price definition

Not-to-Exceed Price means the maximum amount payable to the Contractor for the performance of the Work under a Time-and-Materials (T&M) Contract.

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Not-to-Exceed Price means the maximum amount payable to the Contractor for the performance of the Work under a Time-and-Materials (T&M) Contract. This term is not relevant for contracts that are not Time-and-Materials (T&M) Contracts.

Not-to-Exceed Price means the maximum price chargeable for each distance range category, as published on the School’s website.

Examples of Not-to-Exceed Price in a sentence

If at any time during performance of this Contract, Princeton University has reason to believe that the cost required to perform the Work of this Contract will be substantially greater or less than the stated Not-to-Exceed Price, Princeton University will so advise the Contractor, giving the then- revised estimate of the total amount of effort to be required under the Contract.
If at any time during performing this Contract, the Contractor has reason to believe that the total price to Princeton University for performing this Contract will be substantially greater or less than stated Not-to-Exceed Price, the Contractor shall so notify Princeton University, giving a revised estimate of the total price for performing this Contract, with supporting reasons and documentation.
If at any time the Contractor has reason to believe that the hourly rate payments and material costs that will accrue in performing this Contract in the next succeeding thirty (30) days, if added to all other payments and costs previously accrued, will exceed eighty-five percent (85%) of the Not-to-Exceed Price in the Contract, the Contractor shall notify Princeton University giving a revised estimate of the total price for performing this Contract with supporting reasons and documentation.
It is estimated that the total cost to Princeton University for the performance of this Contract shall not exceed the Not-to-Exceed Price set forth in the Contract and the Contractor agrees to use its best efforts to perform the Work specified in the Contract and all obligations under this Contract within such Not-to- Exceed Price.
The work shall be performed for the Not-to-Exceed Price included in the variable information table.

More Definitions of Not-to-Exceed Price

Not-to-Exceed Price means the maximum price chargeable for each Distance Range Category as stated in the tables in Clause 5 of the Information from Vendor.

Not-to-Exceed Price means the maximum amount payable to the Contractor for the performance of the Work under a Time‐and‐Materials (T&M) Contract.

Not-to-Exceed Price means the "not to exceed" amount set forth in an order for a Project. "Project" means the Services performed by Supplier pursuant to a single order.

Not-to-Exceed Price has the meaning assigned thereto in Section 4.3.

Not-to-Exceed Price means the maximum pearchice c distance range category, as published o

Not-to-Exceed Price or "NTE Price" means the maximum allowable price that is established by peer group for most supplemental foods sold by Vendors.

Not-to-Exceed Price means US $235.70/MWhr beginning in 2012 and subject to escalation on each Escalation Date pursuant to Exhibit E.