Regulations last checked for updates: May 10, 2024

Title 48 - Federal Acquisition Regulations System last revised: May 06, 2024
332.706-2 - 332.706-2 Provision and clauses for limitation of cost or funds.

(b) In addition to the clause at FAR 52.232-22, Limitation of Funds, the contracting officer shall insert the provision at 352.232-70, Incremental Funding, in all solicitations when a cost-reimbursement contract for severable services using incremental funding is contemplated. The provision requires the contracting officer to insert a specific increment of performance that the initial funding is expected to cover.

authority: 5 U.S.C. 301; 40 U.S.C. 121(c)(2)
source: 80 FR 72151, Nov. 18, 2015, unless otherwise noted.
cite as: 48 CFR 332.706-2