{"data":{"id":"us/48-cfr-32.703-1","jurisdiction":"us","citation":"48 CFR 32.703-1","heading":"32.703-1 General.","body":"(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.\n(b) If the contract is incrementally funded, funds are obligated to cover the amount allotted and any corresponding increment of fee.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 32—CONTRACT FINANCING","Subpart 32.7—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":"bdf1459e421a1cf86e706b40c885c04eb97e920d3110a7df2362424e1d0c3f0c","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-32.703","next":"us/48-cfr-32.703-2"},"notice":"GroundRules: Original legal text. Not legal advice."}