48 CFR § 232.703-3 - 232.703-3 Contracts crossing fiscal years.

---
identifier: "/us/cfr/t48/s232.703-3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 232.703-3 - 232.703-3   Contracts crossing fiscal years."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "232.703-3"
section_name: "232.703-3   Contracts crossing fiscal years."
chapter_number: 2
chapter_name: "DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "232"
part_name: "CONTRACT FINANCING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1303 and 48 CFR chapter 1."
regulatory_source: "56 FR 36409, July 31, 1991, unless otherwise noted."
cfr_part: "232"
---


# 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]