News & Resources

Corporate Funding Formula and Incentive Pool Allocations

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,

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The DOT Overhead Rate Review Process

  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

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Construction & Engineering Budget Projections

  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

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A/E/C Firms And The R&D Credit

  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

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MDOT Financial Prequalification Documents and Requirements Update

  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.

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Recovery for Design Firms

  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

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FAR Overhead Rate Audits

  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

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