CTQP Final Estimates 3 — Questions and Answers
Question 1: Under FDOT Final Estimates, what action must be taken when measured quantities exceed the original contract quantity by more than 25%?
- The excess quantity is automatically paid at the original unit price
- A price adjustment or renegotiation may be required for the excess quantity above the threshold (Correct answer)
- The contractor must absorb the additional costs with no extra payment
- The project is automatically terminated
Correct answer: A price adjustment or renegotiation may be required for the excess quantity above the threshold
FDOT specifications allow for price renegotiation when quantities exceed or fall below the original contract amount by more than 25%, protecting both parties.
Question 2: In the FDOT Final Estimates process, what is a 'Quantity Book'?
- A log of all materials delivered to the project site
- A record maintained by the Engineer documenting field measurements and computed quantities for pay items (Correct answer)
- A ledger of the contractor's expenses
- A list of approved subcontractors and their contract amounts
Correct answer: A record maintained by the Engineer documenting field measurements and computed quantities for pay items
The Quantity Book records all field measurements and quantity calculations made by the Engineer, providing the documentation basis for payment.
Question 3: When is a 'Final Deduction' applied in FDOT construction contracts?
- When the contractor completes work ahead of schedule
- When the contractor fails to meet specified material or workmanship standards and the deficiency is not corrected (Correct answer)
- When the contractor requests an advance payment
- When material prices decrease after bid award
Correct answer: When the contractor fails to meet specified material or workmanship standards and the deficiency is not corrected
Final deductions are made when deficient work or materials are not corrected and the reduction compensates the Department for reduced value.
Question 4: What is the role of the 'Progress Estimate' in relation to the Final Estimate?
- Progress Estimates are the same as the Final Estimate and do not require reconciliation
- Progress Estimates provide periodic partial payments during construction, with the Final Estimate reconciling all payments made (Correct answer)
- Progress Estimates are prepared only by the contractor and are not reviewed by FDOT
- Progress Estimates are used only for planning, not for payment
Correct answer: Progress Estimates provide periodic partial payments during construction, with the Final Estimate reconciling all payments made
Progress Estimates allow the contractor to receive partial payments throughout the project, and the Final Estimate settles all accounts and corrects any discrepancies.
Question 5: Under FDOT procedures, what is the maximum number of calendar days typically allowed for the contractor to submit a written claim after the Engineer's initial determination?
- 7 days
- 14 days
- 30 days (Correct answer)
- 90 days
Correct answer: 30 days
FDOT specifications generally provide 30 calendar days for the contractor to submit a formal written claim following the Engineer's determination.
Question 6: In FDOT Final Estimates, what does 'Lump Sum' payment mean for a pay item?
- Payment is made only if the item is completed perfectly with no deficiencies
- A single fixed payment is made for a defined scope of work regardless of the actual quantities used (Correct answer)
- Payment is calculated by multiplying a unit price by a measured quantity
- Payment is split equally between multiple contractors
Correct answer: A single fixed payment is made for a defined scope of work regardless of the actual quantities used
Lump Sum items are paid a single predetermined amount for completing a defined scope of work, not based on measured quantities.
Question 7: What is the 'Bid Schedule' used for in Final Estimates?
- To record the contractor's daily work schedule
- To list all contract pay items, their units, bid quantities, and unit prices as the basis for computing payments (Correct answer)
- To show the critical path schedule for construction activities
- To identify which subcontractors are approved for each item
Correct answer: To list all contract pay items, their units, bid quantities, and unit prices as the basis for computing payments
The Bid Schedule contains the contract pay items, units, bid quantities, and unit prices that serve as the foundation for computing both progress and final payments.
CTQP Final Estimates 3
Under FDOT Final Estimates, what action must be taken when measured quantities exceed the original contract quantity by more than 25%?