procurement funds

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

How Long Is Procurement Money Good For?

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How Long Is Procurement Money Good For? O&M and MILPERS appropriations have a one year current period; RDT&E appropriations have a two year current period; Procurement appropriations have a three year current period (Procurement for Navy Shipbuilding/Conversion has a five year current period), and MILCON appropriations have a five year current period. What can O&M