Government Contracting Blog

Consider FDOT Reimbursement Rate in End of Year Decisions

FDOT reimbursement rate management, FDOT reimbursement rate audit, FDOT consultant rate

Posted by Hunter & Associates Posted on Oct 04 2017

The year is almost done. Do you know your FDOT reimbursement rate?

Knowing what your rate is for the year so far and projecting results for the remaining months of the year will allow you to:

  • Propose and bid more wisely

  • Prioritize spending

  • Adjust executive compensation

Estimating your FDOT reimbursement rate for the full year will help you make decisions based on whether you can be reimbursed under contracts. Overlooking opportunities to become fully reimbursable for costs or improperly allocating expenses could cost you reimbursements and profits.

Preparing for an FDOT Reimbursement Rate Audit - Management's Responsibilities

AASHTO audit,, Audit, FDOT

Posted by Hunter & Associates Posted on Oct 04 2017

Engineering firms must provide annual reimbursement rate audit reports to the Florida Department of Transportation to bid on contracts larger than $250,000. 

FDOT Reimbursement Rate Audit Guidelines contain specific Departmental requirements in addition to the general guidelines contained in the American Association of State Highway and Transportation Officials (AASHTO) Uniform Audit and Accounting Guide.

How to Comply with FDOT Job Cost Accounting System Requirements

Job Cost Accounting, FDOT, Regulations

Posted by Hunter & Associates Posted on Apr 10 2017

The Florida Department of Transportation requires consultants requesting professional services prequalification at the unlimited level (greater than $500,000 in fees) to certify the establishment of an accounting system that separates and accumulates direct and indirect costs, and identifies and records labor charges and expenditures for specific projects or jobs.