Will Your Indirect Cost Rates be Accepted by Your State Department of Transportation?

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In 2016, VDOT dedicated $483 million of its budget to Northern Virginia and Hampton Roads transportation projects. Whether you were recently awarded a contract by VDOT or are planning to submit an RFP in the near future, you may want to start putting all your ducks in a row for when that win does come in. Winning a contract is not the end of your journey, it’s only the beginning. All contracts awarded by state transportation departments must follow the cost principles contained in the Federal Acquisition Regulations (FAR), and indirect cost rate audits must be performed in compliance with …read more

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