As a Contractor, Architecture/Engineering firm, or any owner of a business, are you looking for that key ingredient to maximize your company’s success, profitability and operational efficiencies? That key ingredient is the company’s employees. Attracting and retaining employees whose skills,
If you are in the construction industry and rent equipment, there is a new excise tax that will be charged on equipment that you rent starting January 1, 2019. This new excise tax will be assessed on heavy equipment and
Somerset and Dan Purvine: Designing Business Excellence Together! We work together to enhance our Architecture & Engineering services and provide the resources to meet all of your needs, no matter where you are located. Check out Dan’s latest blog
The Indiana Department of Transportation (INDOT) recently shared their construction and engineering budget projections through Fiscal Year 2021, with the new funding from the House Enrolled Act 1002. Projects may shift from year to year for various reasons, meaning these
Are you looking to be more competitive in an ever changing global economy? Are you being asked to develop and improve designs and processes to be more forward thinking? Are you finding the cost of this constant development and
Indiana roadways and bridges are a crucial part of Indiana’s economic success. Access to major highways, minimal traffic congestion, increased highway safety and lower auto repair costs are often a business priority. To address these issues, Indiana Governor Eric Holcomb
At the most recent Illinois ACEC Membership Meeting on May 8, 2017, Priscilla Tobias, the Director of the IDOT Office of Program Development provided an update on the Consultant Compensation Working Group of ACEC/IDOT. The working group has been
On March 6, 2017, the Michigan Department of Transportation issued Consultant Advisory 2017-3 related to updates to its Financial Prequalification Documents and Requirements that are effective immediately. Please follow this link for specific updates or contact with any questions.
Design firms are continuing their steady recovery from the recession but have yet to return to the level of financial strength they enjoyed prior to the downturn, according to the 2014 Deltek Clarity A/E Industry study. Somerset CPAs and
The Michigan Department of Transportation has a program for disadvantaged business enterprises (DBEs). The DBE program is a federally required program designed to ensure that firms owned and controlled by minorities, women and other socially and economically disadvantaged persons
Our clients routinely incur bid and proposal costs. Bid and proposal costs are the expenses incurred by the Company in preparing, submitting and supporting bids and proposals on potential contracts. Our clients have established policies and procedures for accumulating
In recent years, more and more architectural and engineering (“A/E”) firms are finding that they must have an audited overhead rate in accordance with the Federal Acquisition Regulation Part 31 (“FAR”). The issuance of the new AASHTO Uniform Audit
