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Section 2: General Requirements

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The final billing should follow as closely as possible:

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  • the order of items in the estimate portion of the agreement;
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  • the totals for labor, overhead construction costs, travel expense, transportation, equipment, materials and supplies, handling costs and other services; and
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  • 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 Chapter 7 - Utility Cost Estimates.

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