41 U.S.C. § 4502 Payment

• Library: United States Statutes
• Edition: 2023 Edition
• Currency: Current through P.L. 118-19 (published on www.congress.gov on 10/06/2023)

(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.

Cite as 41 U.S.C. § 4502

Source: Pub. L. 111-350, §3, Jan. 4, 2011, 124 Stat. 3791.

current through 5/22/2023

<TABLE> <TR><TD colspan="3">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised <para>Section</para> </TD> <TD>Source (U.S. Code)</TD> <TD>Source (Statutes at Large)</TD> </TR> <TR> <TD>4502(a)</TD> <TD>41:255(b).</TD> <TD>June 30, 1949, ch. 288, title III, §305(b), as added <actcitation href="" statecd="US" sessionyear="1994" actaltid="103-355">Pub. L. <actid>103-355</actid></actcitation>, <actseccitation href="" statecd="US" sessionyear="...