What does the 'Project Schedule' outline?

The 'Project Schedule' outlines the timeline for the Contractor's completion of all phases of work and the associated critical milestones. This is essential for project management as it provides a clear framework that outlines the specific timeframes within which various tasks and phases must be completed. By clearly defining these phases and milestones, the schedule helps ensure that the project progresses in an organized manner and that all parties involved are aware of deadlines.

Having a detailed project schedule also aids in coordinating the efforts of all stakeholders involved in the project, allowing for better resource allocation and timely decision-making. This structure is key in monitoring progress, enabling contractors and project managers to identify any potential delays and adjust plans accordingly to meet project goals efficiently.

The other options refer to different aspects of project management that do not specifically address the broader timeline and phases of completion outlined in the project schedule. For instance, while the timeline for contractors to submit bids is important in the initial stages of a project, it does not capture the ongoing work phases. Similarly, payment timelines and meeting schedules, while relevant, are not part of the core objective of the project schedule itself, which is focused primarily on tracking the work's progress and the achievement of critical milestones.