What It Is:  

• Federal law requires that contracts for engineering services for state highway agencies be performed and audited in compliance with cost principles contained in the Federal Acquisition Regulations (FARs).
• The engagements are performed to ensure that consultant contract pricing is based on actual costs incurred in compliance with the Federal Acquisition Regulations as well as specific contract provisions.

How It Benefits the Client:  

• Unexpected governmental audit adjustments can eliminate planned profits and often create financial hardships. By reviewing your overhead rate calculations in advance and ensuring that the rates are in compliance with FAR, surprise adjustments can be minimized.  
• Helps them determine what they can and can not include in determining their allowable FAR overhead, project costing, invoicing practices, explain governmental audit rules and help clients prepare for a pre  or post-project audit!
• Identifies ways to improve their profit margins on contracts and maximize their return by ensuring they are receiving all allowable costs under the FAR.