Final Estimate

Within 60 days of final acceptance, generate the final estimate paying the remaining 3% mobilization and any additional pay item adjustments. Prior to approving the Final Estimate, ensure the following occur:
  • obtain material and tests clearances
  • ensure all project documentation is acquired
  • if applicable, verify the DBE/SBE goal has been met; if not, obtain approval from the Civil Rights Division (CIV) and verify the District Director of Construction's final determination for DBE Clearance
  • obtain an On-the-Job Training (OJT) summary from the contractor, if applicable (see Chapter 15, Contractor Workforce) and
  • complete and approve or deny all COs.
Submit local participation reports (if applicable), federal-aid project forms, and Statements of Cost (SOC) to the Financial Management Division (FIN), Accounting Management Section, no later than 60 calendar days after the FE approval. The Accounting Management Section will review and notify the District of concurrence or the need for a corrected SOC. Refer to the
Financial Management Policy Manual
for further information (internal access only).