FAR 32.703-1 — General
Regulatory text. Not legal advice.
(a)
(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)
(b) If the contract is incrementally funded, funds are obligated to cover the amount allotted and any corresponding increment of fee.
Source: eCFR • Pulled 2026-04-16