Payment Modes in Contract of Work Tendering: Milestone Payments Contracts

Description

This Skill Bit covers contracts that tie payments to the completion of specific project milestones. This structure provides project owners with greater control over progress while ensuring contractors receive predictable cash flow at key stages. By linking financial disbursements to tangible achievements, these contracts help manage risks, promote accountability, and support the successful delivery of complex projects.

Duration approx. 4 Min.

Tier: proficiency