1. Regulations
  2. title 48
  3. chapter 2
  4. part 232
  5. subpart 232.7
  6. § 232.703-3

View all text of Subpart 232.7 [232.702 - 232.706-70]

232.703-3 - 232.703-3 Contracts crossing fiscal years.

(b) The contracting officer may enter into a contract, exercise an option, or place an order under a contract for severable services for a period that begins in one fiscal year and ends in the next fiscal year if the period of the contract awarded, option exercised, or order placed does not exceed 1 year (10 U.S.C. 3133).

[64 FR 28110, May 25, 1999, as amended at 87 FR 76995, Dec. 16, 2022]

AUTHORITY: 41 U.S.C. 1303 and 48 CFR chapter 1.

SOURCE: 56 FR 36409, July 31, 1991, unless otherwise noted.

CITE AS: 48 CFR 232.703-3