What Documents are required at Pre-award Audit of an agreement or sub-agreement. How to Avoid Common Proposal Mistakes

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Transcription:

January 29, 2015

What Documents are required at Pre-award Audit of an agreement or sub-agreement How to Avoid Common Proposal Mistakes How to Avoid Common Invoice Mistakes

Pre-Award Review New Agreement/Sub-agreement: Need to Submit: Most Current Indirect Cost Rate (Overhead) Any Cognizant Letter(s) Cost Certification Form Completed Internal Control Questionnaire (ICQ) updated Annually

Cost Certification Form Certification of Final Indirect Costs Firm Name: Indirect Cost Rate Proposal: Date of Proposal Preparation (mm/dd/yyyy): Fiscal Period Covered (mm/dd/yyyy to mm/dd/yyyy): I, the undersigned, certify that I have reviewed the proposal to establish final indirect cost rates for the fiscal period as specified above and to the best of my knowledge and belief: 1. 1.) All costs included in this proposal to establish final indirect cost rates are allowable in accordance with the cost principles of the Federal Acquisition Regulations (FAR) of title 48, Code of Federal Regulations (CFR), part 31. 2. 2.) This proposal does not include any costs which are expressly unallowable under the cost principles of the FAR of 48 CFR 31. All known material transactions or events that have occurred affecting the firm s ownership, organization and indirect cost rates have been disclosed. Signature: Name of Certifying Official (Print): Title: Date of Certification (mm/dd/yyyy):

Internal Control Questionnaire Name of Engineering Consultant TIN (Taxpayer Identification Number) Headquarters Address Company Website Fiscal Year End Time Period Covered Location of Accounting Records

Internal Control Questionnaire Contact Information Background Information Accounting Questions Accounting System Questions Information Technology System Questions Payroll Questions Labor Cost Accumulation / Billing Questions Expense Accumulation / Billing Questions Other General Questions

Internal Control Questionnaire Attachments: Financial Statements Sample Timesheets Chart of Accounts Company Policies & Procedures Company Employee Handbook

Direct Labor: Proposal Review Need to be at the rates currently approved by Contract Administration Must name individuals or list individuals used in determining average rate(s) Waiver required for any rate over $65/hour

Overhead: Proposal Review Must be the current approved or provisional rate recognized by the Department The fixed fee request form should denote if the rate is an offered rate Fixed Fee: A rating higher than normal for complexity, risk or schedule needs to be supported and approved

Direct Expenses: Proposal Review Mileage based on lower of the Consultant s policy, IRS or GSA rate for personally owned vehicles Mileage company owned vehicles reimbursed up to the GSA rate, based on internal cost support submitted annually Tolls reasonable Postage - reasonable

Proposal Review Per Diem based on GSA guidelines & should be broken down by number of first/last days of travel and number of full days Rental Equipment/Other Items supported by price quotes and also require a cost benefit analysis Miscellaneous more than $100 requires more detail

Sub-consultant: Proposal Review Must be approved by Contract Administration to work on the agreement (Appendix A ) Subject to the same level of review and support as the prime consultant

Standard Invoice agr # must include task # period must have a begin & end date invoicing must be monthly

Standard Invoice payroll burden & overhead rate should be the current rate approved by the Department profit must be the amount noted on the NTP and billing must be based on % of completion

Standard Invoice new table for sub-consultants

Direct Labor Reasonable for the work accomplished Supported by timesheets Necessary classifications being billed Overtime is appropriate and was approved in advance With Premium portion billed as a direct expense

Overhead Verify that the rate on the invoice is the current approved or provisionally approved rate Supported by DelDOT letter signed by the Audit Manager Agreed rate for a period of time Typically annually

Fixed Fee Amount is negotiated based on four factors: Overhead Complexity Risk Schedule The Negotiated amount is noted on the Notice to Proceed for each Task under an Agreement Billed based on percentage of completion

Direct Expenses - General Should not be items considered a part of overhead Should be supported by detailed receipts Should be the ones originally identified in the proposal Sales tax is unallowable

Direct Expenses - Mileage Reasonable and supported by approved mileage log for on job mileage. (NOT Commuting)

Direct Expenses Per Diem

Direct Expenses Sub-Consultant(s) Sub-Consultant must be approved on the Agreement All costs are subject to the same review as the Prime Consultant.

Compliance Costs are reviewed to determine that they are: Reasonable Supported Compliant with terms of the: Agreement, Task & Notice to Proceed

Audit Site Visit Timesheets to support Direct Labor Charges Payroll Records Receipts to support Direct Expense Items Cancelled checks to support all Expenditures

Prompt Payment The Department has 30 days to make payment to a vendor following receipt of a valid, complete invoice The Prime vendor has 30 days to make payment to sub-vendors following receipt of DelDOT s payment Please note that this means if you miss the deadline submission for the Prime s invoice it may take 90 days to receive payment

New Audit Email Address & Form DOT.AuditManagement@state.de.us Contact Information: Christine L. Levely, CICA External Audit Supervisor (302)760-2494 Christine.Levely@state.de.us