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What does NTE mean in project management?

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In project management, what do you mean by the term "NTE"? Which acronym does it stand for? Is this term a standard term in PM (I couldn't find it anywhere...)
asked 10 years ago by anonymous

1 Answer

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NTE means "Not To Exceed".

The term NTE is used in a context where we're estimating costs. For example, we can say that the materials' cost are NTE $50,000, which means the cost of the materials used for the project is not to exceed $50,000.
answered 10 years ago by MaplePM (46,940 points)

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