Section 2: General Requirements

Guidelines

The final billing should follow as closely as possible:
  • the order of items in the estimate portion of the agreement;
  • the totals for labor, overhead construction costs, travel expense, transportation, equipment, materials and supplies, handling costs and other services; and
  • where applicable, the construction units shall be shown in such a manner as to permit comparison with the approved estimate.
The final billing should include application of the previously approved eligibility and/or betterment percentages.
The betterment percentage should be applied to all costs associated with the adjustment.
The appropriate credits for accrued depreciation and/or salvage should then be deducted.
The approved eligibility percentage should be the last application of the costs incurred.
Please refer to the example of appropriate order of credits found in .