4.3.3 Contract Funds Status. The purpose of the Contract Funds
Status Report is to supply funding data by WBS to the DoD program manager and
the Contracting Officer’s Technical Representative (COTR) for: 1) updating and
forecasting contract funding requirements, 2) planning and decision making on
funding changes in contracts, 3) developing funding requirements and budget
estimates in support of approved contracts, 4) determining funds in excess of
contract needs and available for deobligations, and 5) obtaining rough
estimates of termination costs.