48 CFR 332.706-2
332.706-2 Provision and clauses for limitation of cost or funds.
United States · 48 CFR — Federal Acquisition Regulations System · Status: effective
Cite this
- Citation
- 48 CFR 332.706-2, 332.706-2 Provision and clauses for limitation of cost or funds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/245184
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Full text
(b) In addition to the clause at FAR 52.232-22, Limitation of Funds, the contracting officer shall insert the provision at 352.232-70, Incremental Funding, in all solicitations when a cost-reimbursement contract for severable services using incremental funding is contemplated. The provision requires the contracting officer to insert a specific increment of performance that the initial funding is expected to cover.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.