A Ocoee residential job shows owner payments of $72,000 and documented value of work of $78,000. What construction-funds status should be reviewed?
Correct Answer
C) value covers payments
A construction-funds review compares payments received with the value of work documented in the file.
Why This Is the Correct Answer
A construction-funds review compares payments received with the value of work documented in the file.
Why the Other Options Are Wrong
Option A: bid protest file discipline response log
bid protest file discipline response log skips the written authority, scope, price, notice, or release control needed for construction funds handling.
Option B: tax resale certificate compliance status file
tax resale certificate compliance status file skips the written authority, scope, price, notice, or release control needed for construction funds handling.
Option D: citation final order regulatory calendar entry
citation final order regulatory calendar entry skips the written authority, scope, price, notice, or release control needed for construction funds handling.
Memory Technique
Controller Reviews contract math: approved scope is the ruler for construction.
Reference Hint
Open-book path: tab Florida Statutes Chapter 489 to Section 489.126, Moneys received by contractors; verify the Florida rule, deadline, or compliance record before answering.
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