FEDERAL · 41 U.S.C. · Chapter 45
Conditions for progress payments
41 U.S.C. § 4504
Title41 — Public Contracts
Chapter45 — CONTRACT FINANCING
This text of 41 U.S.C. § 4504 (Conditions for progress payments) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
41 U.S.C. § 4504.
Text
(a)Payment Commensurate With Work.—The executive agency shall ensure that a payment for work in progress (including materials, labor, and other items) under a contract of an executive agency that provides for those payments is commensurate with the work accomplished that meets standards established under the contract. The contractor shall provide information and evidence the executive agency determines is necessary to permit the executive agency to carry out this subsection.
(b)Limitation.—The executive agency shall ensure that progress payments referred to in subsection (a) are not made for more than 80 percent of the work accomplished under the contract as long as the executive agency has not made the contractual terms, specifications, and price definite.
(c)Application.—This section
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Source Credit
History
(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3791.)
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Bluebook (online)
41 U.S.C. § 4504, Counsel Stack Legal Research, https://law.counselstack.com/usc/41/4504.