PSMJ Resources, Inc. | Architecture, engineering, and construction firm management. - Authoritative Intelligence for A/E/C Firms

Managing A/E Contracts Under the FAR and AASHTO Guide

Learn how the new AASHTO Guide now impacts federally funded work down to all state and municipal projects.

Are you getting credit for all your overhead that is legitimately allowable under the FAR?

Here’s what happened to an engineering firm we know. They spent hired a photographer to take pictures of their projects for a new corporate brochure. Because this was general promotion, the $5,000 photographer’s bill was charged to a non-allowable overhead account.

But let’s say they had hired the same photographer to take the same photos and used them in a proposal. That would have made the $5,000 photographer’s bill a bid & proposal expense – allowable overhead. Once they had the negatives, they could have then used the negatives for pictures in their general brochure. And the photographer’s costs would remained as an allowable overhead expense.

The FAR regulations and AASHTO Guide are enormously complex documents, subject to many gray areas of interpretations. Would you trust your in-house staff to prepare your corporate tax returns without any training in the IRS tax code? Of course not. Yet many firms trust their in-house staff to deal with similarly complex FAR and AASHTO issues.

The AASHTO Guide for Transportation Consultants is the FAR “bible” for A/E firms that contract with DOTs and other state and local agencies, using federal transportation funds. This 176-page publication condenses the nearly 2,000-page FAR document into the essential information you need to know. AASHTO recently released a fully revised version of its Audit Guide, which several PSMJ experts had a major hand in writing.

Now, those same PSMJ experts are ready to help you ensure your accounting practices are 100% FAR compliant and that your firm benefits from the numerous ways the new AASHTO Guide can help your firm.

Click Here to view the brochure.

Register now and learn how to minimize your non-allowable overhead, reduce or eliminate salary caps and negotiate the maximum profit you are allowed under the FAR and AASHTO Guide.

Locations:

March 22–23, 2012 – Denver, CO
Denver Marriott City Center
1701 California Street
Denver, CO 80202
Phone: (303) 297-1300

March 29-30, 2012 – Seattle, WA
Hilton Seattle
1301 6th Avenue
Seattle, WA 98101
Phone: (206) 624-0500

April 12-13, 2012 – Chicago, IL
Hyatt Regency Chicago
151 East Wacker Drive
Chicago, IL 60601
Phone: (312) 565-1234

April 26-27, 2012 – Atlanta, GA
Hyatt Regency Atlanta
265 Peachtree Street
Atlanta, GA 30303
Phone: (404) 577-1234

*10 Reasons Why You Must Attend*

Learn how to avoid having the feds implement penalties of up to 20% of your billings for FAR violations.
Discover why fixed price contracts are no longer exempt from audit provisions.
Hear why you could be "black listed" from doing any federal funded work for 3 violations of FAR's new 100-point control checklist.
How to negotiate effectively with government agencies.
Learn how to set up your chart of accounts to minimize non-allowable overhead.
Discover 47 potential violations as simple as "unsigned" timesheets that could blacklist you permanently.
How to get a "Cognizant Letter" that will greatly reduce your administrative burden.
How to avoid having agencies make arbitrary cuts to your allowable overhead rate.
How to minimize (or even eliminate) caps on your employees' compensation.
Why you should never allow agencies to audit your overhead.

Register today before you learn what you don't know the hard way!

Managing A/E Contracts Under the FAR and AASHTO Guide
Who Should Attend

CEOs/COOs/CFOs
Principals
Branch Office Managers
Associates
Department Heads
Senior Project Managers

Who Should Attend

Managing A/E Contracts Under the FAR and AASHTO Guide
Instructors

Your Seminar will be led by:

T. Wayne Owens, CPA, has 30 years of consulting,auditing and financial management experience. His experience includes a national accounting firm and four years with an architectural firm. For the past three years, he has limited his practice to A/E/C firms for whom he provides a full range of services.In addition, he has written numerous articles on design firm financial management including the FAR’s, project accounting and taxation. He has taught accounting at the university level; presented programs for ACEC throughout the United States, AASHTO and PSMJ; and taught numerous continuing education courses for CPA’s.

Todd Jones, Consultant, graduated in 1985 from the University of North Carolina at Wilmington with a B.S. in Accounting. He has worked with NCDOT for 23 years and has been Audit Manager for 17 years. An active member of various task forces and committees in the American Association of State Highway and Transportation Organizations (AASHTO) he was on the committee that developed the AASHTO Audit Guide and continues to serve on the committee developing additional audit guidance for states.

Instructors

Managing A/E Contracts Under the FAR and AASHTO Guide
PSMJ’s NO RISK Guarantee

If you are unsatisfied with the quality of the Seminar for any reason, or you feel it did not address your concerns or issues, please send us a letter detailing the reasons you were not satisfied, and we will arrange for you to attend another seminar/roundtable or return your investment in full. If you choose to receive the refund, we will return 100% of the registration fee, and you still get to keep the special registration bonuses offered. There is virtually no risk—sign up today!

PSMJ’s NO RISK Guarantee!

Managing A/E Contracts Under the FAR and AASHTO Guide
Testimonials

“The best information available on maximizing and defending our overhead rate. Excellent.”
— James Grotjohn, Assistant Controller, Garver LLC Engineering

“This is the first seminar I have attended that we will experience an immediate positive return on our bottom line.”
— Tom Radenz, Principal, REI Engineering, Inc.

Testimonials

Managing A/E Contracts Under the FAR and AASHTO Guide
Refunds and Cancellations

Cancellations received in writing at least 30 days prior to the program receive full refunds. Cancellations received in writing at least 11 days prior to the program receive a credit letter, good for 6 months, towards any PSMJ program or product. Cancellations made 10 or fewer days prior to the program and/or no-shows are not eligible for refunds or credits. You may substitute attendees at any time.

Refund and Cancellation Policies

Managing A/E Contracts Under the FAR and AASHTO Guide
Team Discounts

Discounts for 3 or more attendees from the same firm attending the same location are automatically applied. Team discount cannot be combined with the early bird discount. 3 Attendees Discount – First two registrations are at full price and the third one is at 50% off the full price. 4 Attendees Discount – First three registrations are at full price and the fourth one is FREE. 5 Or More Attendees Discount – First three registrations are at full price, the fourth one is FREE and the fifth one and each additional registration are at 25% off the full price each.

Team Discounts