48 CFR 232.703-1
232.703-1 General.
United States · 48 CFR — Federal Acquisition Regulations System · Status: effective
Cite this
- Citation
- 48 CFR 232.703-1, 232.703-1 General, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/243992
- Permanent ID
ys:prov:243992@1- SHA-256
11c7191e103b58f6467cbf57e5e00ea87417103cc3cff6b1dfb5ce9c42deacf6
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.