FINAL ESTIMATES LEVEL 2 TEST QUESTIONS AND
WELL DETAILED ANSWERS|| GRADED A+||LATEST
UPDATE 2025/26
On multi FIN project numbers under one contract, the Asphalt is reported on the
certification, by the CONTRACTOR, under what Project FIN Number? -
CORRECTANSWER 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? -
CORRECTANSWER 1875 CY
Which Document is used to authorize payment from original contingency Amount? -
CORRECTANSWER 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) -CORRECTANSWER 8.4 Tons
Overruns or Underruns must be explained when? -CORRECTANSWER 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: -CORRECTANSWER In excess of
120 calendar days.
Which of the following is an authorized way to modify the contract, once it has been
executed? -CORRECTANSWER Work Orders and Supplimental Agreements
Of the Contract Documents listed below which one would govern? -
CORRECTANSWER Special Provisions
Why is it important to run a progress estimate soon after Final Acceptance? -
CORRECTANSWER 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? -CORRECTANSWER 12/17/2015 with 15
chargeable days.
WELL DETAILED ANSWERS|| GRADED A+||LATEST
UPDATE 2025/26
On multi FIN project numbers under one contract, the Asphalt is reported on the
certification, by the CONTRACTOR, under what Project FIN Number? -
CORRECTANSWER 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? -
CORRECTANSWER 1875 CY
Which Document is used to authorize payment from original contingency Amount? -
CORRECTANSWER 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) -CORRECTANSWER 8.4 Tons
Overruns or Underruns must be explained when? -CORRECTANSWER 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: -CORRECTANSWER In excess of
120 calendar days.
Which of the following is an authorized way to modify the contract, once it has been
executed? -CORRECTANSWER Work Orders and Supplimental Agreements
Of the Contract Documents listed below which one would govern? -
CORRECTANSWER Special Provisions
Why is it important to run a progress estimate soon after Final Acceptance? -
CORRECTANSWER 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? -CORRECTANSWER 12/17/2015 with 15
chargeable days.
