Final Estimates Flashcards
7 cards from real CTQP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Final Estimates flashcards as text
Under FDOT Final Estimates, what is a 'Pay Item Allowance'?
Answer: A fixed-price budget item for work where the exact scope or quantity is unknown at bid time
A Pay Item Allowance is a budgeted amount included in the contract for work whose scope cannot be fully defined at bid time, with actual payment based on work performed.
What is the significance of 'Final Acceptance' in the FDOT Final Estimates process?
Answer: It formally concludes the contract, releases retainage, and starts the statute of limitations for claims
Final Acceptance officially ends the contract, triggers release of retainage, and establishes the starting point for claim and warranty periods.
In FDOT construction, when can the Department make 'administrative deductions' from the final payment?
Answer: For items such as unpaid liquidated damages, unreturned government-furnished materials, or fines assessed during the project
FDOT may make administrative deductions from the final payment for items like assessed liquidated damages, unreturned materials, or regulatory fines.
Under FDOT specifications, what is the contractor's responsibility regarding 'As-Built Plans'?
Answer: The contractor must mark up a set of contract plans to show actual field conditions, dimensions, and locations of constructed work
Contractors are responsible for maintaining and submitting marked-up As-Built Plans reflecting actual constructed conditions, which are vital for future maintenance and records.
What is a 'Differing Site Condition' claim in the context of FDOT Final Estimates?
Answer: A claim asserting that actual subsurface or physical conditions materially differ from those indicated in the contract documents
A Differing Site Condition claim arises when actual subsurface or concealed conditions are materially different from what the contract documents indicated, entitling the contractor to compensation.
In FDOT Final Estimates, what is the function of the 'Construction Project Administration' (CPA) system?
Answer: An electronic project management system used to document, track, and process pay estimates, change orders, and project records
CPA is FDOT's electronic system for managing construction project documentation including estimates, change orders, and project records throughout the project lifecycle.
Under FDOT procedures, what happens if the contractor fails to submit a timely formal claim in writing after giving initial notice?
Answer: The contractor may lose the right to pursue the claim, as timely written claims are a contractual prerequisite for recovery
Failure to submit a timely written claim after providing initial notice can result in waiver of the contractor's right to additional compensation under FDOT contract provisions.