The first progress payment received by the contractor is signified by the first vertical segment of the income curve in Figures 4.1, 4.2, and 4.3. Why is this first payment shown at the end of the second month instead of at the end of the first month?

Figures 4.1

Figures 4.2

Figures 4.3

Transcribed Image Text:

0 Difference to be financed 1 2 Expenditure curve 3 4 5 6 Project completed Profit Last payment Income curve Months