2014 US Code
Title 41 - Public Contracts (Sections 101 - 8707)
Subtitle I - Federal Procurement Policy (Sections 101 - 4712)
Division C - Procurement (Sections 3101 - 4712)
Chapter 45 - Contract Financing (Sections 4501 - 4506)
Sec. 4502 - Payment
Publication Title | United States Code, 2012 Edition, Supplement 2, Title 41 - PUBLIC CONTRACTS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 41 - PUBLIC CONTRACTS Subtitle I - Federal Procurement Policy Division C - Procurement CHAPTER 45 - CONTRACT FINANCING Sec. 4502 - Payment |
Contains | section 4502 |
Date | 2014 |
Laws In Effect As Of Date | January 5, 2015 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 111-350, §3, Jan. 4, 2011, 124 Stat. 3791. |
Statutes at Large References | 63 Stat. 396 66 Stat. 594 72 Stat. 966 108 Stat. 3304 124 Stat. 3791 |
Public and Private Laws | Public Law 85-800, Public Law 103-355, Public Law 111-350 |
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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.
(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3791.)
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. |
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