side note..
avoid using the word "undercut" unless you're talking about unsuitable soils that must be undercut and then backfilled with structural soil. i believe you are talking about "excavation" for a 2.5' deep strip footing which is most likely designed for frost protection.
Ignoring the fact that we're only talking about a dumpster pad:
as far as the DCP blow count,
"DCP testing is performed to CONFIRM the presence of soils suitable for the XXXX design bearing pressure." The design bearing pressure i'm talking about is the allowable bearing pressure that the soils report gives, not what a structural/civil egr tells you they need.
That being said..
my numbers for testing at hand-augered 0', 2', and 4' holes were 5 blows = 500 to 2000 psf, 6 blows = 2500, 7 blows = 3000 psf. i would look more closely at >3000 psf projects so i won't throw out a general field rule here...
Our setup was 1-3/4" per increment, but since business cards were often used in the field... assume 2 inches and the rest of what geocrete said...
"The test is performed by marking off 3 - 2" increments and counting the number of drops/increment of the 10lb weight it takes to drive the cone into the soil. the 1st 2" is used to seat the cone, and the 2nd and 3rd are averaged."
i've worked around and seen reporting from many different testing firms... they all have similar but different ways of looking at this. i'm not about to say any one of them is more correct than the other.
another good practice... is to probe (with a fiberglass probe rod for OSHA reasons, although i sneak in the steel one) the entire surface of the exposed footing as well as DCP testing.