SMALL BUSINESS FEDERAL GOVERNMENT CONTRACTING (“Smalltofeds”): Managing Government Contract Limitation of Funds and Funding Exposure

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Some contractors choose to operate on “risk,” continuing to perform on a contract while exceeding the incremental funding in booked cost and obligations. The government is under no obligation to reimburse the contractor for amounts exceeding incremental funding.

Source: SMALL BUSINESS FEDERAL GOVERNMENT CONTRACTING (“Smalltofeds”): Managing Government Contract Limitation of Funds and Funding Exposure

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