In a contract's terms of payment, ____ are based on the expected overall duration of the project schedule.
A) equal monthly or quarterly payments
B) monthly payments based on actual costs incurred
C) single payment at completion of project
D) percentage of total contract amount

Question

Quizplus · Accepted Answer

Equal monthly or quarterly payments are based on the expected overall duration of the project schedule. This helps to manage cash flow and ensure consistent payment for services rendered. The other options (B, C, D) do not necessarily take into account the overall duration of the project schedule and may not provide as efficient or fair of a payment structure.

In a Contract's Terms of Payment, ____ Are Based on the Expected