Common use of Minimum Contract Value Clause in Contracts

Minimum Contract Value. The Minimum Contract Value for this Contract is $10,000. The Contractor is guaranteed to receive the opportunity to perform Job Orders totaling at least $10,000 during the term of this Contract. The Estimated Annual Value for each Contract is $4,000,000. The Contractor may be issued Job Orders totaling up to the Estimated Annual Value during any year of the Contract. The Contractor is not guaranteed to receive this value of Job Orders. It is merely an estimate. The Owner has no obligation to issue Job Orders in excess of the Minimum Contract Value. The Owner reserves the right to issue Job Orders up to the maximum amount specified in RCW 39.10.440. The Maximum Contract Value shall not exceed the amount set forth in RCW 39.10.440. In addition, the Owner may elect to carry over any unused capacity from the previous year and add the value to the immediate following year limit. The maximum annual volume including unused capacity shall not exceed the limit of two years.