Home > Terms > English, UK (UE) > Not to exceed (NTE)

Not to exceed (NTE)

In contract negotiations, the commitment by the vendor that the value of an interim estimate (plus contingency allowances) will not exceed the amount of the firm proposal and estimates to be submitted at a later date. A NTE value, however, may be adjusted upward or downward depending on the changes in the scope of work or in the associated specifications.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: People Category: Singers

Tata Young

Amita Marie Young (born Su Min Ta Marie Young) better known under her stage name Tata Young, is a Thai singer, model actress and dancer born on ...

Contributor

Featured blossaries

Tex Mex Cuisine

Category: Food   4 19 Terms

Famous Rock Blues Guitarist

Category: Entertainment   2 6 Terms

Browers Terms By Category