Apprentice answerWhy is a big gap around round duct through a floor slab a fire/smoke issue
3rd YearMeasuring, Layout & Field MathStop and get direction
A wide open floor penetration is a rated-assembly problem. Stop and firestop/sleeve it only by the approved listed detail.
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Plain-English answer
A slab opening around duct is not just an ugly hole. It can pass smoke, fire, noise, and air between floors if it is not sleeved and firestopped correctly.
Document the gap, confirm whether the floor is rated, and coordinate the approved sleeve/firestop/wrap/mineral wool/intumescent system before covering or turnover.