41 U.S.C. § 4502 — Payment

FEDERAL · 41 U.S.C. · Chapter 45

Payment

Current through Pub. L. 119-102

Title 41 — Public Contracts·Ch. 45 — CONTRACT FINANCING

(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.

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(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.

41 U.S.C. § 4502 (Payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

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

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