Common use of Costs not to Exceed Clause in Contracts

Costs not to Exceed. The City of Blue Springs is limited by law and its bidding and procurement process with respect to the amount of money it can pay. Therefore, the City has established a fixed sum amount, based on the bid proposal after a competitive bidding process, as described in the Maximum Payment section of Exhibit 1 for this contract and Paragraph 7.b which cannot be exceeded unless this contract is amended. The Contractor shall notify the City if Contractor anticipates that the contract amount may be exceeded, in order to determine whether or not the City is prepared to increase the total compensation.

Appears in 4 contracts

Sources: Generator Maintenance and Repair Agreement, Tree Services Agreement, Contractor Contract

Costs not to Exceed. The City of Blue Springs is limited by law and its bidding and procurement process with respect to the amount of money it can pay. Therefore, the City has established a fixed sum amount, based on the bid proposal after a competitive bidding process, if required by City policy, as described in the Maximum Payment section of Exhibit 1 for this contract Contract and Paragraph 7.b which cannot be exceeded unless this contract Contract is amended. The Contractor shall notify the City if Contractor anticipates that the contract Contract amount may be exceeded, in order exceeded to determine whether or not the City is prepared to increase the total compensation.

Appears in 2 contracts

Sources: Public Works Contract, Public Works Contract

Costs not to Exceed. The City of Blue Springs is limited by law and its bidding and procurement process with respect to the amount of money it can pay. Therefore, the City has established a fixed sum amount, based on the bid proposal after a competitive bidding processprocess if required by City Policy, as described in the Maximum Payment section of Exhibit 1 for this contract Contract and Paragraph 7.b 8.b which cannot be exceeded unless this contract Contract is amended. The Contractor shall notify the City if Contractor anticipates that the contract amount may be exceeded, in order exceeded to determine whether or not the City is prepared to increase the total compensation.

Appears in 1 contract

Sources: Goods and Services Contract