Construction Business Contract Payment Procedures Act

Summary

Small Business Contract Payment Procedures Act - Amends the Federal Property and Administrative Services Act of 1949 to require that whenever an executive agency makes progress payments under a contract for property or services, a contracting officer shall authorize payment in full (without retention of any percentage of the contract price) if: (1) satisfactory progress toward complete performance of the contract was made during any period for which a progress payment is required; and (2) the party performing the contract is a small business which has furnished an adequate performance bond.

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Documents

3 official files

• Passed Senate amended

  summary · EN · 1 October 1982

  Open at official source

• Reported to Senate with amendment(s)

  summary · EN · 30 September 1982

  Open at official source

• Introduced in Senate

  summary · EN · 28 October 1981

  Open at official source

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