Maximum Contract Amount definition
Examples of Maximum Contract Amount in a sentence
Subject to the Maximum Contract Amount, for payments required under this Agreement, the City shall pay Contractor’s fees and expenses in accordance with this Agreement.
The City and the Contractor may agree to add other services under this Agreement by executing a new Statement of Work and if additional funds are required to complete any new Statement of Work, the parties shall amend this Agreement to increase the Maximum Contract Amount, if necessary.
The Maximum Contract Amount has been calculated based on the total UOS to be provided pursuant to this Agreement as set forth in Exhibit B-1 and shall not exceed $1180954.
The City is not under any obligation to make any future encumbrances or appropriations for this Agreement nor is the City under any obligation to amend this Agreement to increase the Maximum Contract Amount above.
Without requiring amendment to this Agreement, the City may, through an authorization or similar form issued by the CEO and signed by Contractor, make minor changes, additions, or deletions to the Scope of Work without change to the Maximum Contract Amount.