What is the maximum amount the City is obligated to pay the Contractor?

Study for the San Francisco Housing Portal Contractor Agreement Exam. Engage with flashcards and multiple-choice questions, each question has hints and explanations. Prepare for your certification!

The maximum amount the City is obligated to pay the Contractor is determined by the amount certified by the City's Controller. This certification by the Controller ensures that all payments are in accordance with the agreed-upon terms and are properly budgeted and accounted for within the City's financial framework. The Controller's role includes overseeing financial transactions and providing a level of assurance that funds are available and that the expenditures are justified as per the contractual agreement.

This system establishes a structured approach to monitoring and controlling costs, thus reinforcing fiscal responsibility. It ensures that any payment made to the Contractor has been validated and approved through the appropriate municipal channels, which is crucial for maintaining transparency and accountability in public spending. In this context, merely relying on the amounts stated in invoices, the Contractor's budget, or total costs incurred may not provide the same level of confirmation or assurance as the certification from the Controller.

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