41 U.S.C. § 4501 — Authority of executive agency
submitted 15 years ago by Pub. L. 111-350 to r/title-41-PUBLIC-CONTRACTS · 44 words · no verdicts yet
An executive agency may make several kinds of payments under its contracts. It may also reserve advance or progress payments for small businesses.
(1) An executive agency may make advance, partial, progress, or other payments under its contracts for property or services. (2) It may put in a solicitation for property or services a term limiting advance or progress payments to small-business concerns.
An executive agency may—
make advance, partial, progress or other payments under contracts for property or services made by the agency; and
insert in solicitations for procurement of property or services a provision limiting to small business concerns advance or progress payments.
Source credit: (Pub. L. 111–350, § 3, Jan. 4, 2011, 124 Stat. 3790.)
- 2011Enacted · Pub. L. 111-350 · 124 Stat. 3790
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-350 on 2011-01-04.
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