A construction contractor finished a bridge across a river 12 months early and received more than $5 million for the early completion. This is an example of reducing project duration caused by
A) imposed project deadlines.
B) time to market.
C) unforeseen project delays.
D) high overhead.
E) incentive contracts.

Question

Quizplus · Accepted Answer

Incentive contracts often include bonuses for early completion, which motivates contractors to finish projects ahead of schedule to receive additional compensation. In this case, the contractor received more than $5 million for finishing the bridge 12 months early, indicating the presence of an incentive contract.

A Construction Contractor Finished a Bridge Across a River 12