By cmsifyAdmin, 1 February, 2025

32.703-1 General.

  1. (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.

  2. (b) If the contract is incrementally funded, funds are obligated to cover the amount allotted and any corresponding increment of fee.

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