48 C.F.R. § 32.706.2 — Clauses for limitation of cost or funds.
Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Clauses for limitation of cost or funds. 32.706-2 Section 32.706-2 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Contract Funding 32.706–2 Clauses for limitation of cost or funds. (a) The contracting officer shall insert the clause at 52.232–20, Limitation of Cost, in solicitations and contracts if a fully funded cost-reimbursement contract is contemplated, whether or not the contract provides for payment of a fee. (b) The contracting officer shall insert the clause at 52.232–22, Limitation of Funds, in solicitations and contracts if an incrementally funded cost-reimbursement contract is contemplated. [48 FR 42328, Sept. 19, 1983, as amended at 72 FR 27385, May 15, 2007. Redesignated at 78 FR 37688, June 21, 2013]