DFARS 232.703-1 General
Subsection Defense Federal Acquisition Regulation Supplement
Facts
- Citation
- DFARS 232.703-1
- Type
- Subsection
- Supplements
- FAR 32.703-1 General
- Last amended
- 71 FR 18671 Effective Apr 12, 2006
- Text as of
- DFARS Change May 7, 2026
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this subsection.
Text
(1) A fixed-price contract may be incrementally funded only if—
(i) The contract (excluding any options) or any exercised option—
(A) Is for severable services;
(B) Does not exceed one year in length; and
(C) Is incrementally funded using funds available (unexpired) as of the date the funds are obligated; or
(ii) The contract uses funds available from multiple (two or more) fiscal years and—
(A) The contract is funded with research and development appropriations; or
(B) Congress has otherwise authorized incremental funding.
(2) An incrementally funded fixed-price contract shall be fully funded as soon as funds are available.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Defense Federal Acquisition Regulation Supplement; Incremental Funding of Fixed-Price Contracts |
Quick answers
What is DFARS 232.703-1?
DFARS 232.703-1 is a subsection of the Defense Federal Acquisition Regulation Supplement, titled "General".
When was DFARS 232.703-1 last changed?
The most recent final rule on record is "Defense Federal Acquisition Regulation Supplement; Incremental Funding of Fixed-Price Contracts" (71 FR 18671), published Apr 12, 2006 and effective Apr 12, 2006.
Are changes to DFARS 232.703-1 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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