Question: 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.
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
0 Difference to be financed 1 2 Expenditure curve 3 4 5 6 Project completed Profit Last payment Income curve Months
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Solutions Step 1 The following information is given Figure 41 Project ExpenseIncome Curves Figure 42 Unbalanced Bid Income Profile Figure 43 Income Profile with Mobilization Payment The first progress ... View full answer
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