Common use of Contract Maximum Clause in Contracts

Contract Maximum. The total Agreement amount shared between two A-E firms shall not exceed the aggregate amount of $2,100,000, including reimbursable and other direct costs. Reimbursable costs shall be billed in accordance with Exhibit C, Schedule of Fees. The total not-to-exceed compensation will be broken down into individual tasks that have yet to be determined. The amounts allocated for each task may be transferred and adjusted within these tasks with the written approval of the Director or designee. It will be the sole responsibility of the PM to monitor, track, amend, and with Director approval, move the task dollars within the not-to-exceed budget of the total contract amount. A- E shall submit a monthly accounting report to County’s OC Waste & Recycling by Wednesday of the third week of the following month. The accounting report shall show the following information for each Task Order: • Original Agreement Amount • Revised Agreement Amount (original Agreement Amount plus fund transfers and amendments) • Amount Expended to Date • Amount Being Invoiced • Total authorized Task Order Amount to date, and • Amount pending completion of authorized Task Orders to date • Contract and Encumbrance document numbers to be provided by the County This report shall contain the total costs recorded to date on this Agreement and all Task Orders.

Appears in 2 contracts

Sources: Environmental Multi Discipline Engineering Support Services Agreement, Environmental Multi Discipline Engineering Support Services Agreement