July 23, 2020
Construction Executive published an article by New England Construction Leader Robert Mercado and Assurance Senior Manager Michelle Scarpone, about the influence of FAR in setting project pricing.
Construction Executive
By Robert Mercado, Partner, Assurance Services & Michelle Scrapone, Director, Assurance Services
Excerpt:
To ensure that the AE firm can bill the DOT for the maximum amount allowable, it is essential the AE firm maintain proper accounting and documentation to support the proposed costs. The lack of proper internal controls on the recordkeeping of costs incurred can have a significant negative impact on the AE firm’s ability to maximize the amount it can bill for the work performed.
