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A program that wants to reduce the procurement cost of its system by reducing the cost of materials and labor could do so by making use of this type of funding policy exception
| Services contract crossing fiscal years |
| Advance procurement |
| Multiyear procurement |
| Working Capital Funds |
Expert Answer
Multiyear procurement
A multiyear procurement is a processfor acquiring multiple years of requirements for systems or subsystems with a one contract. This is generally done for max of five years. The purpose is of this type of system is to reduce program cost growth and introduce stability into the acquisition process.
