Title 41, Public ContractsRelease 119-102
§4707 Remission of Liquidated Damages
Title 41 › Subtitle I — Federal Procurement Policy › CHAPTER 47 — MISCELLANEOUS › § 4707
Summary
If a contract made by an agency head or an authorized officer has a late penalty for delay, the Treasury Secretary can reduce or cancel any part of that penalty if the agency head recommends it.
Full Legal Text
Title 41, §4707
Public Contracts, Source: USLM XML via OLRC
When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency may remit any part of the damages as the Secretary of the Treasury believes is just and equitable.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 470741:256a.Sept. 5, 1950, ch. 849, § 10(a), 64 Stat. 591; Pub. L. 104–316, title II, § 202(u), Oct. 19, 1996, 110 Stat. 3845.
Reference
Citations & Metadata
Citation
41 U.S.C. § 4707
Title 41, Public Contracts
Last Updated
Aug 21, 2026
Release point: 119-102