So now they have 8 months to complete the other 1200 sites in time to collect their next progress payments from the no longer cash strapped Sprint.

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Of course, the company, at the behest of its Special Committee has not accepted any of the progress payments from Sprint that it had expected to receive by now to pay for the rebuild of its WIMAX system to TDD LTE to coordinate with the new Sprint network.

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However Treasury said though BofA has made progress it will still withhold incentive payments to the bank.

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Instead of receiving payments in a contract sense, the Progress and Freedom Foundation handled the fundraising, took in all the money, and paid all the bills.

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But they were structural reforms covering trade restrictions, the reorganisation of insolvent banks, and progress in negotiating a delay in the foreign debt payments of the private sector.

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While the cash figures for the first year are guaranteed, the Department for Communities and Local Government said subsequent payments were "indicative" and could fluctuate by 10% either way depending on work progress and fluctuation in local markets.

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