Critical FAR Issues: Labor Costs
Join us for this 2-hour web-based training where instructor Dan Purvine will highlight critical FAR issues related to labor costs that you need to address to prepare your overhead rate and support your state DOT and local agency contracting efforts. Dan will cover challenging areas such as timekeeping requirements and the treatment of uncompensated overtime. Topics will include best practices for bonus plans and other selected forms of compensation, proposed changes to the AASHTO Audit Guide in the labor cost area, and the evaluation of compensation reasonableness, including the effects of the new statutory compensation limit. Dan will discuss the application of direct salary rate caps on DOT contracts, and the acceptable methods for treatment of overtime premium.
A 10 question quiz will preceed the training, which must be passed at a 70% rate or higher to earn the CPE credit. Once the video has been downloaded, the training will be available for five days.
Who will benefit: A/E firms developing an overhead rate, whether audited or not, and CPA firms performing overhead rate audits of A/E firms
Hours of CPE credit: 2
- Lectures 4
- Quizzes 1
- Students 6
- Certificate Yes
- Assessments Self