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Business & FinanceRegulationsmedium15% of exam part

On a Venice private project, final payment packet is complete and the compliance file shows affidavit included. What should the office flag?

Correct Answer

B) final support complete

Chapter 713 final-payment administration includes contractor affidavit support as part of the lien-law process.

Answer Options
A
credit application update
B
final support complete
C
sales-tax resale issue
D
qualifier transfer

Why This Is the Correct Answer

Chapter 713 final-payment administration includes contractor affidavit support as part of the lien-law process.

Why the Other Options Are Wrong

Option A: credit application update

credit application update puts the item in the wrong financial bucket, timing, base, or comparison for final payment affidavit.

Option C: sales-tax resale issue

sales-tax resale issue puts the item in the wrong financial bucket, timing, base, or comparison for final payment affidavit.

Option D: qualifier transfer

qualifier transfer puts the item in the wrong financial bucket, timing, base, or comparison for final payment affidavit.

Memory Technique

An unlabeled Billing Administrator dollar tells the wrong story.

Reference Hint

Open-book path: tab Florida Statutes Chapter 713 to Section 713.06, Contractor affidavit and final payment process; confirm the Florida statutory or Department of Revenue rule before answering.

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