279 – What is Availability of Funds?

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Kevin and Paul discuss another one of those “only in GovCon” situations – you have a contract in hand, but you’re not allowed to work because there isn’t any money allocated to it.

Listen and learn how FAR Part 32 and a couple clauses – FAR 52.232-18, “Availability of Funds” and FAR 52.232-19, “Availability of Funds for the Next Fiscal Year” – give the Contracting Officer the flexibility to award a contract that crosses fiscal years with one-year money. (If all that sounds super confusing, give it a listen. We break it all down for you)