{"data":{"id":"us/48-cfr-232.703-1","jurisdiction":"us","citation":"48 CFR 232.703-1","heading":"232.703-1 General.","body":"(1) A fixed-price contract may be incrementally funded only if—\n(i) The contract (excluding any options) or any exercised option—\n(A) Is for severable services;\n(B) Does not exceed one year in length; and\n(C) Is incrementally funded using funds available (unexpired) as of the date the funds are obligated; or\n(ii) The contract uses funds available from multiple (two or more) fiscal years and—\n(A) The contract is funded with research and development appropriations; or\n(B) Congress has otherwise authorized incremental funding.\n(2) An incrementally funded fixed-price contract shall be fully funded as soon as funds are available.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 2—DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 232—CONTRACT FINANCING","Subpart 232.7—Contract Funding"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"b5c730bd08b88956a002ef5640eab364fb2da11d96c42d72d6f26b0626f6b84b","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-232.703","next":"us/48-cfr-232.703-3"},"notice":"GroundRules: Original legal text. Not legal advice."}