41 USC 4502: Payment
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41 USC 4502: Payment Text contains those laws in effect on November 14, 2024
From Title 41-PUBLIC CONTRACTSSubtitle I-Federal Procurement PolicyDivision C-ProcurementCHAPTER 45-CONTRACT FINANCING
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§4502. Payment

(a) Basis for Payment.-When practicable, payments under section 4501 of this title shall be made on any of the following bases:

(1) Performance measured by objective, quantifiable methods such as delivery of acceptable items, work measurement, or statistical process controls.

(2) Accomplishment of events defined in the program management plan.

(3) Other quantifiable measures of results.


(b) Payment Amount.-Payments made under section 4501 of this title may not exceed the unpaid contract price.

( Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3791 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
4502(a) 41:255(b). June 30, 1949, ch. 288, title III, §305(b), as added Pub. L. 103–355, title II, §2051(b), Oct. 13, 1994, 108 Stat. 3304 .
4502(b) 41:255(c). June 30, 1949, ch. 288, title III, §305(c), 63 Stat. 396 ; July 12, 1952, ch. 703, §1(m), 66 Stat. 594 ; Pub. L. 85–800, §4, Aug. 28, 1958, 72 Stat. 966 ; Pub. L. 103–355, title II, §2051(a)(3), (5), Oct. 13, 1994, 108 Stat. 3304 .