What is the maximum amount specified in the Agreement?

The maximum amount specified in the Agreement is one million six hundred sixty-six thousand ninety-eight dollars. This figure is significant as it establishes the upper limit of financial obligation under the terms of the Agreement, which is crucial for both the contractors and the parties involved in the housing projects.

Defining an exact maximum amount helps in budgeting and ensures that there is a clear understanding of the financial scope of the contract. It also protects both the contractor and the client from unexpected costs that could arise during the execution of the housing project.

This specific figure reflects a careful consideration of the projected costs associated with fulfilling the obligations outlined in the Agreement, including labor, materials, and any other related expenses. In the context of contractor agreements, having a clearly defined cap on expenditure is a standard practice that aids in comprehensive financial planning and project management.

In contrast, the other amounts presented do not align with the details typically included in such agreements, indicating that they may not have been accurately represented. The focus on this specific value is essential for both legal compliance and fiscal responsibility in housing initiatives.