§4501. Authority of executive agency — Inbound Citations

Citations to 41 U.S.C. § 4501 as a whole

• 41 U.S.C. § 4502(a)

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  (a) 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.
• 41 U.S.C. § 4502(b)

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  (b) Payments made under section 4501 of this title may not exceed the unpaid contract price.
• 41 U.S.C. § 4503

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  Advance payments under section 4501 of this title may be made only on adequate security and a determination by the agency head that to do so would be in the public interest. The security may be in the form of a lien in favor of the Federal Government on the property contracted for, on the balance in an account in which the payments are deposited, and on such of the property acquired for performance of the contract as the parties may agree. This lien shall be paramount to all other liens and is effective immediately upon the first advancement of funds without filing, notice, or any other action by the Federal Government.
• 41 U.S.C. § 4505(a)

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  (a) Payments under section 4501 of this title for commercial products or commercial services may be made under terms and conditions that the head of the executive agency determines are appropriate or customary in the commercial marketplace and are in the best interests of the Federal Government.
• 41 U.S.C. § 4505(c)

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  (c) Advance payments made under section 4501 of this title for commercial products or commercial services may include payments, in a total amount not more than 15 percent of the contract price, in advance of any performance of work under the contract.