An amendment to Title X, requiring that progress payments be based on actual progress. Progress payments may be made only after the work is accomplished and in accordance with a payment schedule commensurate with estimated cost of accomplished work of acceptable quality. If the contractual terms, specifications, and price is not definite, the progress payment may not exceed 80 percent of the work accomplished. This is waived in the case on small purchases.

Ask AI
Amendment Number
186
Description
An amendment to Title X, requiring that progress payments be based on actual progress. Progress payments may be made only after the work is accomplished and in accordance with a payment schedule commensurate with estimated cost of accomplished work of acceptable quality. If the contractual terms, specifications, and price is not definite, the progress payment may not exceed 80 percent of the work accomplished. This is waived in the case on small purchases.
Congress
99
Type
HAMDT
Latest Action Date
Jun 25, 1985
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Jun 25, 1985
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 186 — Informed