no. just, no.. terrible fucking idea.
also
"the contract provides that workers salaries will be increased for every additional year that the work continues providing the necessary incentives to have the work completely in a timely fashion."
how does that make an incentive to finish early??  that will just make them take their time and make even more money the next year..
it should be opposite, start out with a baller salary, and it decreases every year..