Statutory Text

41 U.S.C. § 4502 — Payment

U.S.C. Title 41 - PUBLIC CONTRACTS 41 U.S.C. United States Code, 2023 Edition Title 41 - PUBLIC CONTRACTS Subtitle I - Federal Procurement Policy Division C - Procurement CHAPTER 45 - CONTRACT FINANCING Sec. 4502 - Payment From the U.S. Government Publishing Office, www.gpo.gov

§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 SectionSource (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.

Source: uscode.house.gov — public domain Official Source ↗

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BS-USC41-SEC-8E0F6D

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41 U.S.C. § 4502

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This page was generated from primary source data retrieved via the GovInfo API (api.govinfo.gov). The statutory text of 41 U.S.C. § 4502 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel.

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← 41 U.S.C. § 4501 41 U.S.C. § 4503 →

Ch. 45 — Contract Financing

41 U.S.C. § 4501 41 U.S.C. § 4502 41 U.S.C. § 4503 41 U.S.C. § 4504 41 U.S.C. § 4505 41 U.S.C. § 4506

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