The Contractor Might Try to Negotiate Payment Terms That Require

question 72

Multiple Choice

The contractor might try to negotiate payment terms that require the customer to do one or more of the following except

• A) provide frequent payments, such as weekly or monthly payments rather than quarterly payments.
• B) make equal monthly payments based on the expected duration of the project.
• C) make a single payment at the end of the project.
• D) provide a down payment at the start of the project.

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Definitions:

Insurance Payouts

Refers to the money that insurance companies pay to policyholders or beneficiaries when a claim is made and approved under the terms of an insurance policy.

Government Bailouts

Financial assistance given by a government to a failing business or sector, intended to prevent widespread economic disruption.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's market price.