§232.703-1. General.

48 C.F.R. § 232.703-1

(1)

A fixed-price contract may be incrementally funded only if—

(i)

The contract (excluding any options) or any exercised option—

(A)

Is for severable services;

(B)

Does not exceed one year in length; and

(C)

Is incrementally funded using funds available (unexpired) as of the date the funds are obligated; or

(ii)

The contract uses funds available from multiple (two or more) fiscal years and—

(A)

The contract is funded with research and development appropriations; or

(B)

Congress has otherwise authorized incremental funding.

(2)

An incrementally funded fixed-price contract shall be fully funded as soon as funds are available.

Notes, amendments, and revision history

[71 FR 18673, Apr. 12, 2006]

Source: 58 FR 46092, Sept. 1, 1993, unless otherwise noted.

Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.

Source: 56 FR 36409, July 31, 1991, unless otherwise noted.

[71 FR 18673, Apr. 12, 2006]