,
,FINAL ESTIMATES LEVEL 2 TEST QUESTIONS AND ANSWERS 2025.2026 GUARANTEED PASS
GRADED A+
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.
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
,FINAL ESTIMATES LEVEL 2 TEST QUESTIONS AND ANSWERS 2025.2026 GUARANTEED PASS
GRADED A+
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.
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
