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2021 US Code
Title 41 - Public Contracts
Subtitle I - Federal Procurement Policy
Division C - Procurement
Chapter 45 - Contract Financing
Sec. 4502 - Payment
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| 41 U.S.C. § 4502 (2021) | |||||||||
| §4502. Payment | |||||||||
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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. |
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(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3791.) |
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| United States Code, 2018 Edition, Supplement 3, Title 41 - PUBLIC CONTRACTS | |||||||||
| Bills and Statutes | |||||||||
| United States Code | |||||||||
| Y 1.2/5: | |||||||||
| Title 41 - PUBLIC CONTRACTS Subtitle I - Federal Procurement Policy Division C - Procurement CHAPTER 45 - CONTRACT FINANCING Sec. 4502 - Payment |
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| section 4502 | |||||||||
| 2021 | |||||||||
| January 3, 2022 | |||||||||
| Yes | |||||||||
| standard | |||||||||
| 63 Stat. 396 66 Stat. 594 72 Stat. 966 108 Stat. 3304 124 Stat. 3791 |
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| Public Law 85-800, Public Law 103-355, Public Law 111-350 |
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