contract funding

Can You Incrementally Fund A Fixed Price Contract?

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Can You Incrementally Fund A Fixed Price Contract? A fixed-price contract (FAR Subpart 232.704-70) may be incrementally funded only if it’s for: Services that do not exceed one year in length and uses funds available (unexpired) as of the date the funds are obligated. Can you incrementally fund with procurement funds? A fixed-price contract may

Can You Incrementally Fund A Time And Materials Contract?

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Can You Incrementally Fund A Time And Materials Contract? Can you incrementally fund a time and materials contract? Yes, you may incrementally fund a T & M contract as long as your agency policy allows for incrementally funding. You need to make sure you have a bona fide need and funds are available for each