Not to Exceed


Also found in: Encyclopedia.

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.
References in periodicals archive ?
The second issue, pertaining to the issuance of capital improvement bonds, not to exceed $21 million, passed with a 79 percent majority, 1,867 votes, while 21 percent, 496 votes, was in opposition.
Pursuant to the agreement, the company has access to a line of credit in the maximum principal amount not to exceed USD1m.
02(4) permits a deduction not to exceed the vehicle's FMV if the charity sells the vehicle at a price significantly below that value or gratuitously transfers the vehicle to a needy individual in direct furtherance of the donee organization's charitable purpose of relieving the poor and distressed or the underprivileged who are in need of transportation.
The only limitation in this case is given by the size of the raw material to be fed not to exceed the flight depth dimension of 3.
Municipalities sharing a center may combine their awards for a total not to exceed $5,000 for improvements toward their used oil collection programs.
This competition is open to musicians of all nations born between 1976 and 1987, with the average age not to exceed 30 and total age not to exceed 120.
Interested small firms will apply first for a six-month Phase I award not to exceed $100,000, to define the scientific, technical, and commercial merit of a particular concept.
The value of this contract modification is not to exceed $34,400,000.
The new maximum weekly benefit will rise to 45 percent, not to exceed $330.
CGNU will be entitled to a $210 million payment in cash or stock six months after closing, with any stock not to exceed a 9.
EDC will award matching grants to promote each high-tech district for up to 50 percent of marketing expenses for two years, not to exceed $250,000.
Civil monetary penalties not to exceed $50,000 for each violation.