Question: Performance Based Payments are generally preferred over progress payments because: They incentivize the contractor to successfully complete significant events and are based on predetermined dollar

  1. Performance Based Payments are generally preferred over progress payments because:
They incentivize the contractor to successfully complete significant events and are based on predetermined dollar amounts
They require the Government to pay a lower percentage of the contract's costs through the life of the contract
They are simpler to negotiate than progress payments
They are always preferred by the contractor

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