§ 4502 - Payment

CHAPTER 45— CONTRACT FINANCING

(a) When practicable, payments under section 4501 of this title shall be made on any of the following bases:

(a)(1) Performance measured by objective, quantifiable methods such as delivery of acceptable items, work measurement, or statistical process controls.

(a)(2) Accomplishment of events defined in the program management plan.

(a)(3) Other quantifiable measures of results.

(b) Payments made under section 4501 of this title may not exceed the unpaid contract price.

Notes

Historical and Revision Notes RevisedSectionSource (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.