Oregon Construction Contractors (CCB) Practice Test

What should final payment requests include alongside the final payment amount?

1. Detailed invoices

2. Retention amounts

3. Proof of completion

4. Future payment plans

The correct answer is: Retention amounts

Final payment requests in construction projects often require specific documentation to ensure all parties involved are in agreement regarding the work completed. Retention amounts, which are a portion of the total payment withheld until the project is fully completed and accepted, are critical to include in these requests. Including retention amounts in final payment requests provides transparency and maintains proper accounting records. It ensures that both the contractor and the client are clear on the total outstanding balance after accounting for any retained funds. This is crucial for completing the financial transactions of the project accurately. Detailed invoices, proof of completion, and future payment plans are also important aspects of final payments but do not specifically relate to the retention amounts that must be reconciled before finalizing payment. Retention amounts serve as a safeguard for the client, ensuring the contractor has fulfilled all obligations satisfactorily before the entire project fee is released.