The Exectuive compensation becnhmark limit for 2009 has been established as $684,181.
This is the limit on indiviudal compesation for the calander year
Sunday, May 31, 2009
Saturday, May 23, 2009
Expanded Definition for Federally Funded Work from FHWA
In the past FHWA, and most state DOTS have interpreted the requirements for a federal assistance engineering project as one in which all, or part of the engineering fees were funded by federal aid funds.
In a revised definition from FHWA, federally assistance includes projects where the engineering fees are used as all, or part of the local matching funds for a federally assisted highway construction projects.
The difference for A/E firms is that projects that qualify as federal projects must use FAR contracting rules and cost allowability rather than typically more restrictive cost reimbursement under state policies.
Several states have claimed that they pay engineering fees from state funds, thus the rules of Section 307 and 174 requiring FAR overhead rates do not apply. Firms are thus restricted to lower maximum salaries and higher unallowable costs under state policies that do not conform to FAR rules.
This change means more A/E contracts should be considered to be federally funded for the purposes of applying FAR cost rules to contract costs.
Firms should ask their DOT not only if a proposed contract is federally assisted, but if the contract is being used for the local matching requirements on a federally assisted construction project.
In a revised definition from FHWA, federally assistance includes projects where the engineering fees are used as all, or part of the local matching funds for a federally assisted highway construction projects.
The difference for A/E firms is that projects that qualify as federal projects must use FAR contracting rules and cost allowability rather than typically more restrictive cost reimbursement under state policies.
Several states have claimed that they pay engineering fees from state funds, thus the rules of Section 307 and 174 requiring FAR overhead rates do not apply. Firms are thus restricted to lower maximum salaries and higher unallowable costs under state policies that do not conform to FAR rules.
This change means more A/E contracts should be considered to be federally funded for the purposes of applying FAR cost rules to contract costs.
Firms should ask their DOT not only if a proposed contract is federally assisted, but if the contract is being used for the local matching requirements on a federally assisted construction project.
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