Code of Federal Regulations · Section
§ 332.706-2 — 332.706-2 Provision And Clauses For Limitation Of Cost Or Funds
48 C.F.R. § 332.706-2
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(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.
Authorizing Statute
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Administrative40 U.S.C. § 121
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Departmental regulations5 U.S.C. § 301