Which of the following is NOT a major component of construction documents?

The correct choice identifies financial reports as not being a major component of construction documents. Construction documents primarily consist of drawings, specifications, and contracts, which together provide the essential information needed for the construction process.

Drawings serve as visual representations of the project, conveying details about dimensions, materials, and layouts. Specifications complement these drawings by detailing the technical requirements for materials, products, systems, and workmanship, establishing the quality standards and methods for the project. Contracts outline the legal obligations of the parties involved, establishing the terms of the project such as scope, timelines, and payment structures.

In contrast, financial reports, while important for overall project management and funding, do not form part of the construction documents. They serve different purposes, primarily related to budgeting, financing, and accounting, but do not provide direction on the project construction itself. This distinction clarifies why financial reports do not belong within the core components recognized as construction documents.