The allowance of deferment under BC 3.04.010 through 3.04.055 shall have no effect on the number of installment payment periods or term of payment permitted under the Bancroft Bonding Act or BC 3.02.010 through 3.02.235 as they are now or hereafter constituted or amended. Each installment payment shall accrue at each successive payment period as though no deferment had been granted.