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Business & FinanceAdminmedium26% of exam part

A Cocoa owner draw is ready except for stored material backup. What administrative action should occur before submission?

Correct Answer

D) attach support documents

The draw package should include required backup before it is submitted for payment.

Answer Options
A
delete retainage line
B
pay unapproved costs
C
change bond amount
D
attach support documents

Why This Is the Correct Answer

The draw package should include required backup before it is submitted for payment.

Why the Other Options Are Wrong

Option A: delete retainage line

delete retainage line puts the item in the wrong financial bucket, timing, base, or comparison for draw-package administration.

Option B: pay unapproved costs

pay unapproved costs puts the item in the wrong financial bucket, timing, base, or comparison for draw-package administration.

Option C: change bond amount

change bond amount puts the item in the wrong financial bucket, timing, base, or comparison for draw-package administration.

Memory Technique

Draw and package point to different ledger roads for Billing Coordinator.

Reference Hint

Open-book path: tab Contractor's Manual, 2025 to Business Administration, Pay Applications and Draw Packages; confirm the administrative duty, record, or control described in the stem.

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