Indirect Cost Rate (ICR) Documentation Submission Update

Effective immediately, Exhibit 10-A, “A&E Consultant Financial Document Review Request,” of the Local Assistance Procedures Manual (LAPM), is modified to include the requirement of all prime and subconsultants on contracts of $150,000 or more to provide an indirect cost rate schedule and a labor cost summary. This updated Exhibit 10-A and all LAPM forms can … Read moreIndirect Cost Rate (ICR) Documentation Submission Update

COIN 18-01 – ICAP/ICRP Submission Process

Caltrans Oversight Information Notice (COIN) 18-01 has been released to highlight the process that Local Government Agencies (LGA) must follow to submit subsequent Indirect Cost Allocation Plans (ICAP)/Indirect Cost Rate Proposals (ICRP). Note that if the LGA decides to invoice for another ICAP/ICRP for the following fiscal year (FY), the LGA must submit ICAP/ICRPs certification within … Read moreCOIN 18-01 – ICAP/ICRP Submission Process

Safe Harbor Rate and Evaluation Program Extended Indefinitely

NOTICE TO LOCAL AGENCIES AND A&E CONSULTING FIRMS WITH FEDERAL AID HIGHWAY FUNDED PROJECTS  Beginning in July 1, 2013, the Federal Highway Administration (FHWA) initiated a Safe Harbor Cost Rate Test and Evaluation program for Architectural and Engineering (A&E) consulting firms involved in federal-aid highway funded projects in 12 designated states, including California. The FHWA … Read moreSafe Harbor Rate and Evaluation Program Extended Indefinitely

Indirect Cost Rate and Contract Audit Training

Attend Caltrans Audits & Investigations  training on indirect cost rates and contract audits. Topics to be covered: FAR Compliant Indirect Cost Rate (ICR) Safe Harbor Indirect Cost Rate CPA Indirect Cost Rate Audits LAPM Chapter 10.3 A&E Consultant Audit and Review Process  Target audience: A&E Firms (particularly small or new firms) Independent CPAs for A&E Firms … Read moreIndirect Cost Rate and Contract Audit Training