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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? - correct 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? - correct answer- 1875 CY
Which Document is used to authorize payment from original
contingency Amount? - correct 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) - correct answer- 8.4 Tons
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Overruns or Underruns must be explained when? - correct
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: - correct answer- In excess of 120
calendar days.
Which of the following is an authorized way to modify the
contract, once it has been executed? - correct answer- Work
Orders and Supplimental Agreements
Of the Contract Documents listed below which one would
govern? - correct answer- Special Provisions
Why is it important to run a progress estimate soon after Final
Acceptance? - correct 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
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? - correct 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? - correct answer- 1875 CY
Which Document is used to authorize payment from original
contingency Amount? - correct 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) - correct answer- 8.4 Tons
, 2 | Page
Overruns or Underruns must be explained when? - correct
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: - correct answer- In excess of 120
calendar days.
Which of the following is an authorized way to modify the
contract, once it has been executed? - correct answer- Work
Orders and Supplimental Agreements
Of the Contract Documents listed below which one would
govern? - correct answer- Special Provisions
Why is it important to run a progress estimate soon after Final
Acceptance? - correct 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
