48 C.F.R. § 32.703-1

General.

Last amended: 2017Year: 2026Length: 53 wordsSubsections: 1Official source

Cite as 48 C.F.R. § 32.703-1 (2026)

(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.
48 C.F.R. § 32.703-1: General. | Justis AI