A contractor finished a bridge across a lake 18 months early and received more than $6 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 can make reduction of project time rewarding-usually for both the project contractor and owner.For example, a contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion.The availability of the bridge to the surrounding community 18 months early to reduce traffic grid-lock made the incentive cost to the community seem small to users.

A Contractor Finished a Bridge Across a Lake 18 Months