1198 Contracting Funding Code

Code identifying the funding type

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
01Multi-Year Procurement
Contract procurement that extends beyond one year
02Incrementally Funded Contract (INC)
Contract funded in increments based on agreed performance criteria
03Contract for a Single Year (SYC)
Funding for a contract for a single, specific year

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