48 CFR 632.702-70: 632.702-70 DOS policy.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 6—DEPARTMENT OF STATE
- SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS
- PART 632—CONTRACT FINANCING
- Subpart 632.7—Contract Funding
The Department's policy is to provide full funding for all contracts, to the maximum extent practicable. FAR 32.704 and 32.705-2 provide for incremental funding of cost-reimbursement contracts. Fixed-price, labor-hour, and time-and-materials contracts for severable services may also be incrementally funded if full funding is not available at the time of contract award and the contracting officer executes a determination and findings, approved by the requirements office, justifying the need for incremental funding due to the unavailability of funds.
Collected 2026-08-27T02:26:29Z. Source file · JSON