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NTE

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.03 sec.
NTE
Short for Not To Exceed.

Not to Exceed
An estimate of the cost of a project that a potential contractor gives to the firm negotiating a contract. An NTE includes additional funds that might be needed in case something goes wrong. It is important to note than an NTE assumes that the scope of the project does not change; it may be revised if this occurs.


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