Question

critically examine different methods of payment by results​

Answer 1

Cash-in Advance : In this type of method an advance amount is paid before the start of work as a safety measure for the contractor and the full amount is paid after the completion of work.

Letters of Credit: This is used in International trading, where a letter of credit is given by the client in which the bank pays the contractor when the condition in the letter are satisfied.

Documentary Collections  and Open account are other form of payment