NTE

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NTE

Short for Not To Exceed.

National Trade Estimates Report

An annual report by the United States Trade Representative discussing the best export markets for the U.S. It includes information like market size and trade barriers that exporters may face.

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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