Regulations last checked for updates: Feb 06, 2026

Title 48 - Federal Acquisition Regulations System last revised: Jan 28, 2026
2432.703-3 - 2432.703-3 Contracts crossing fiscal years.

(b) The contracting officer may enter into a contract, exercise an option, or place an order under a contract for severable services for a period that begins in one fiscal year and ends in the next fiscal year if the period of the contract awarded, option exercised, or order placed does not exceed one year.

[65 FR 3573, Jan. 21, 2000]
source: 53 FR 46536, Nov. 17, 1988, unless otherwise noted.
cite as: 48 CFR 2432.703-3