---
kind: "section"
citation: "48 C.F.R. § 232.703-1"
title: "48"
number: "232.703-1"
heading: "General."
url: "https://uscodex.org/cfr/48/232.703-1"
---

# §232.703-1. General.

- (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

[71 FR 18673, Apr. 12, 2006]

### Source

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

### Authority

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

### Source

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

### Amendments

[71 FR 18673, Apr. 12, 2006]