(a) WHY YOU NEED APPROVAL OF INITIAL FINDING

(1) The first of two required savings validations is called an "Initial Finding." Approval of the initial MYC finding is required prior to release of a formal RFP or IFB. Approval of the initial MYC finding indicates that:

(i) required funding is available,

(ii) required support information is documented, and

(iii) the criteria in 10 USC 2306b and FAR 17.106-2(a) are met.