FINAL ESTIMATES LEVEL 2 QUESTIONS AND ANSWERS
On multi FIN project numbers under one contract, the Asphalt is reported on the certification, by the
CONTRACTOR, under what Project FIN Number? - (answer)The Contractor shows the Asphalt on the lead
FIN project number
A roadway is being constructed and has a Subsoil Excavation Quantity of 835 CY, a Regular Excavation
Quantity of 250 CY and an embankment Quantity of 1040 CY. Based upon this information, the Final
Quantity to be paid for embankment will be? - (answer)1875 CY
Which Document is used to authorize payment from original contingency Amount? - (answer)Work
Order
Friction Course (FC-12.5) Straight edge Deficiency: A straightedge deficiency was left in place at no pay.
Calculate the equivalent tonnage at no pay. ( pay to appropriate accuracy) Gmm= 2.417, thickness =1.5
inches, road width =12 feet, length of deficiency = 5 ft. (this occurred 25 feet from the bridge deck) -
(answer)8.4 Tons
Overruns or Underruns must be explained when? - (answer)A pay item overruns or underruns $10,000
or more.
Prices are adjusted on each progress estimate to reflect increases or decreases in the price of fuel for
contracts with original Contract Time: - (answer)In excess of 120 calendar days.
Which of the following is an authorized way to modify the contract, once it has been executed? -
(answer)Work Orders and Supplimental Agreements
Of the Contract Documents listed below which one would govern? - (answer)Special Provisions
Why is it important to run a progress estimate soon after Final Acceptance? - (answer)So the estimate
can be paid through EED quickly to prevent interest.
, FINAL ESTIMATES LEVEL 2 QUESTIONS AND ANSWERS
On Financial Project No.000101-1-52-01, which is a conventional project, the notice to proceed is dated
December 1, 2015 and the contract time is to start 16 days after the Notice to Proceed per the contract.
The Contractor begins work on December 18, 2015 and the project is Final Accepted on December 31,
2015. There are no added weather or other reasons. What is the 1st chargeable day and how many total
days should be recorded in the Contract Time File? - (answer)12/17/2015 with 15 chargeable days.
On Lump Sum Contracts, upon Final Acceptance, the Project Administrator will send? - (answer)The
Offer of Final Payment
Field Records for multiple jobs, same contract, should be kept? - (answer)In seperate Field Books & In
seperate files within Project Solve and EDMS
On Lump Sum Project, A Superpave Asphalt Course item requires a Composite Pay Factor (CPF)
adjustment. What is the total dollar adjustment amount?
Lot 1 with 2000 Tons and a CPF of 0.99
Lot 2 with 4000 Tons and CPF of 0.99
Lot 3 with 4000 Tons and CPF of 1.00
Lot 4 with 4000 Tons and a CPF of 1.00 - (answer)$5425.20
Under the current Specifications for Lump Sum Projects, the Project Administrator will approve and pay
the Final Estimate? - (answer)False
Original Terrain line sections: - (answer)A)Represent the terrain prior to Contruction
B) Are necessary to establish earthwork quantities
C) Must be shown on cross sections.
ALL OF THE ABOVE
The plans show the designer calculations for Clearing & Grubbing with a total of 3.2 Acres to be cleared
and grubbed. During the Construction, a plan error was encountered which required the clearing and
grubbing of an additional 800 SY. This required an adjustment to the original Lump Sum Pay Item.
Calculate the adjusted Final Pay Quantity. The secondary unit is in Acres not SY. Note 1 Acre= 4840 SY:
On multi FIN project numbers under one contract, the Asphalt is reported on the certification, by the
CONTRACTOR, under what Project FIN Number? - (answer)The Contractor shows the Asphalt on the lead
FIN project number
A roadway is being constructed and has a Subsoil Excavation Quantity of 835 CY, a Regular Excavation
Quantity of 250 CY and an embankment Quantity of 1040 CY. Based upon this information, the Final
Quantity to be paid for embankment will be? - (answer)1875 CY
Which Document is used to authorize payment from original contingency Amount? - (answer)Work
Order
Friction Course (FC-12.5) Straight edge Deficiency: A straightedge deficiency was left in place at no pay.
Calculate the equivalent tonnage at no pay. ( pay to appropriate accuracy) Gmm= 2.417, thickness =1.5
inches, road width =12 feet, length of deficiency = 5 ft. (this occurred 25 feet from the bridge deck) -
(answer)8.4 Tons
Overruns or Underruns must be explained when? - (answer)A pay item overruns or underruns $10,000
or more.
Prices are adjusted on each progress estimate to reflect increases or decreases in the price of fuel for
contracts with original Contract Time: - (answer)In excess of 120 calendar days.
Which of the following is an authorized way to modify the contract, once it has been executed? -
(answer)Work Orders and Supplimental Agreements
Of the Contract Documents listed below which one would govern? - (answer)Special Provisions
Why is it important to run a progress estimate soon after Final Acceptance? - (answer)So the estimate
can be paid through EED quickly to prevent interest.
, FINAL ESTIMATES LEVEL 2 QUESTIONS AND ANSWERS
On Financial Project No.000101-1-52-01, which is a conventional project, the notice to proceed is dated
December 1, 2015 and the contract time is to start 16 days after the Notice to Proceed per the contract.
The Contractor begins work on December 18, 2015 and the project is Final Accepted on December 31,
2015. There are no added weather or other reasons. What is the 1st chargeable day and how many total
days should be recorded in the Contract Time File? - (answer)12/17/2015 with 15 chargeable days.
On Lump Sum Contracts, upon Final Acceptance, the Project Administrator will send? - (answer)The
Offer of Final Payment
Field Records for multiple jobs, same contract, should be kept? - (answer)In seperate Field Books & In
seperate files within Project Solve and EDMS
On Lump Sum Project, A Superpave Asphalt Course item requires a Composite Pay Factor (CPF)
adjustment. What is the total dollar adjustment amount?
Lot 1 with 2000 Tons and a CPF of 0.99
Lot 2 with 4000 Tons and CPF of 0.99
Lot 3 with 4000 Tons and CPF of 1.00
Lot 4 with 4000 Tons and a CPF of 1.00 - (answer)$5425.20
Under the current Specifications for Lump Sum Projects, the Project Administrator will approve and pay
the Final Estimate? - (answer)False
Original Terrain line sections: - (answer)A)Represent the terrain prior to Contruction
B) Are necessary to establish earthwork quantities
C) Must be shown on cross sections.
ALL OF THE ABOVE
The plans show the designer calculations for Clearing & Grubbing with a total of 3.2 Acres to be cleared
and grubbed. During the Construction, a plan error was encountered which required the clearing and
grubbing of an additional 800 SY. This required an adjustment to the original Lump Sum Pay Item.
Calculate the adjusted Final Pay Quantity. The secondary unit is in Acres not SY. Note 1 Acre= 4840 SY:
