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  • Question

    I would like to have an example of the 75% level.


    Answer

    We do not have an example of such a letter to provide you, however, you should be able to use the language contained in the Limitation of Funds clause.  As such, the letter would go something like this: “We believe that the costs that we expect to incur under this contract in the next 60 days, when added to all the costs previously incurred, will exceed 75 percent of the total amount so far allotted to the contract by the Government.”  In addition to that, it would be helpful to the Government if you would let them know the date that you estimate that you would run out of funds, commonly called “the funds run-out date.”

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