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1.Explain how the amounts due for periodic payments are determined on: a.Lump Sum contracts b.Unit Pricecontracts c.Cost Plus contracts 2.Whatis the meaning of the following

1.Explain how the amounts due for periodic payments are determined on:

a.Lump Sum contracts

b.Unit Pricecontracts

c.Cost Plus contracts

2.Whatis the meaning of the following clauses:"pay", "pay-when-pay", and "pay-if-payed". Are the pay-when-pay provision and pay-if-paid" provision generally enforceable?

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