Not To Exceed (NTE)
Not to Exceed (NTE) refers to a cap on the time and materials stipulated in the contract. It can also mean the maximum amount the contractor agrees to offer for a project.
With a not to exceed, there’s an estimated cost the potential contractor offers a firm while negotiating a service contract. The NTE includes extra funds needed in case something goes amiss.
Fill the form and see Field Complete in Action with NTE feature included.