Construction Project Progress Payments

To encourage the contractor to complete the project on time (correct)

To reduce the financial burden on the contractor

To compensate the contractor for the entire project at once

To provide a lump sum payment at the beginning of the project

Client

Contractor (correct)

Subcontractor

Government agency

According to a predetermined schedule of values (correct)

In equal monthly installments

As a fixed lump sum amount

Based on the contractor's total expenses