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1. CONTRACT ID CODE2. AMENDMENT/MODIFICATION NO.3. EFFECTIVE DATEP00025 6. ISSUED BYCODEPAGE OF PAGESUAMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT14. REQUISITION/PURCHASE REQ. NO.04Mar2020 N000395.
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Limitation of funds FAR is a regulatory requirement that outlines the maximum amount of financial resources available for a specific contract, ensuring that government agencies do not exceed their budgetary limits.
Government contracting officers are required to file limitation of funds FAR for contracts where funding limitations are applicable.
To fill out limitation of funds FAR, contractors need to provide detailed information regarding the contract amount, funding sources, and the amount currently obligated under the contract.
The purpose of limitation of funds FAR is to control government spending and ensure that federal agencies do not commit to spending beyond their available appropriations.
The report must include the total contract value, the amount obligated to date, remaining funds, and the anticipated completion date of the contract.
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