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: Economy Category: International trade

Free Trade Area of the Asia-Pacific (FTAAP)

The Free Trade Area of the Asia-Pacific (FTAAP) is an international trade pact backed by China and supported by the 21-member Asia-Pacific Economic ...

Contributor

Featured blossaries

General

Category: Politics   1 13 Terms

Ciencia

Category: Science   1 1 Terms