48 CFR 2432.703-1
2432.703-1 General.
United States · 48 CFR — Federal Acquisition Regulations System · Status: effective
Cite this
- Citation
- 48 CFR 2432.703-1, 2432.703-1 General, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/252189
- Permanent ID
ys:prov:252189@1- SHA-256
8d9d1dc28cb3c3ecbf18afaf4f246aaca8dcea90f3f0ca49e885ab7880294540
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(b)(1) Except as described herein, a fixed-price contract may be funded incrementally only if—
(i) Sufficient funds are not available to the Department at the time of contract award or exercise of option to fully fund the contract or option; and
(ii) The contract (excluding any options) or any exercised option—
(A) Is for severable services; and
(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; and
(iii) If applicable, the contract uses funds available from multiple (2 or more) fiscal years and 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.