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Funded Value

Amount of money actually obligated and available to spend.

Definition

Funded Value Amount of money actually obligated and available to spend.

Definition

Funded value is the amount of money actually obligated (committed) to a contract and available for the contractor to bill against. It may be less than the contract's total ceiling. Contractors should monitor funded vs. ceiling amounts to avoid overruns.

Related Terms

  • Ceiling Value

    Maximum dollar amount that can be obligated under a contract.

  • Obligation

    Legal commitment of funds for a specific contract purpose.

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