FAR 32.703-1

General.

(a) If the contract is fully funded, funds are obligated to cover the price or target price of a fixed-price contract or the estimated cost and any fee of a cost-reimbursement contract. (b) If the contract is incrementally funded, funds are obligated to cover the amount allotted and any corresponding increment of fee.

Source: acquisition.gov — FAR

← 32.702 32.703-2 →

More parts

Previous part: FAR 31 — Contract Cost Principles and Procedures Next part: FAR 33 — Protests, Disputes, and Appeals DFARS counterpart: 232 — Contract Financing

Have a solicitation to win?

Paste it into the free Contrax bid scorer — get an AI win-probability score with the FAR clauses that matter, in seconds. No signup required.

Score any bid — free Browse the full FAR & DFARS library