NTE definition
Examples of NTE in a sentence
Not To Exceed Rates (NTE) Refers to the New York State contract price set forth in Appendix D.
The Contractor is under no obligation to provide additional services that would cause the Contractor’s fees to exceed the NTE amount without prior revision of this amount by written change order.
For other than Firm Fixed Price proposals, the CAF line item shall be proposed as a Not To Exceed (NTE) amount.
Agency will not pay Contractor any amount in excess of the Maximum NTE Comp for completing the Services unless otherwise agreed to in an Amendment made in accordance with Section 7.4 of the Agreement, and will not pay for Services performed after the termination of this SOC.
Subject to the Maximum NTE Comp set forth in Section 5.1 above of the SOC, Agency shall pay all amounts agreed to in this Section II and shall have no liability for any amounts that exceed those agreed to herein.