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Final Estimates Level 2 Questions With Answers 2025.
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Final Estimates Level 2 Questions With Answers 2025.
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Final Estimates Level 2 Questions WithAnswers 2025.
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.
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, 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:
Pay Item= Clearing and grubbing
Original Quantity = 1.0 Lump Sum - ANSWER- 3.2 Ac x 4840 SY= 15488 SY
15488 + 800 SY = 16288 SY
16288 SY/15488 SY = 1.052 Lump Sum
The Prime Contractor is required to certify previous payments for? - ANSWER- 1st tier
Subcontractors and Suppliers
Borrow Excavation is paid for as a? - ANSWER- Final Measurement
When should Liquidated Damages be reflected on a progress estimate? - ANSWER-
(**Begins after Contract time runs out up to the estimate cut off date. Liquidated
Damages are withheld monthly.)
ON SUBSEQUENT PROGRESS REPORTS
Final Measurements are to be documented on which of the following? - ANSWER-
A)Miscellaneous Forms
B)Field Books
C)Directly on Plan Summary Boxes
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