Common use of Certification of Final Indirect Costs Clause in Contracts

Certification of Final Indirect Costs. Firm Name: _____________________________________________________________ Indirect Cost Rate Proposal: ________________________________________________ Date of Proposal Preparation (mm/dd/yyyy): ___________________________________ Fiscal Period Covered (mm/dd/yyyy to mm/dd/yyyy): ___________________________ I, the undersigned, certify that I have reviewed the proposal to establish final indirect costs rates for the fiscal period as specified above and to the best of my knowledge and belief: All costs included in this proposal to establish final indirect cost rates are allowable in accordance with the cost principals of the Federal Acquisition Regulations (FAR) of title 48, Code of Federal Regulations (CFR), part 31. This proposal does not include any costs which are expressly unallowable under the cost principals of the FAR of 48 CFR 31. All known material transactions or events that have occurred affecting the firm’s ownership, organization and indirect cost rates have been disclosed. I understand that this rate is: 1) subject to review and concurrence by the NJDOT Bureau of Auditing prior to application and use, 2) subject to further audit verification based on the risk assessment performed (a ‘cognizant audit’ would satisfy our needs and preclude any type of a risk assessment from having to be performed), and 3) any acceptance of this rate does not extend beyond contracts with the New Jersey Department of Transportation. Signature: _______________________________________________________________ Name of Certifying Official (Print): ___________________________________________ Title: ___________________________________________________________________ Date of Certification (mm/dd/yyyy): _________________________________________

Certification of Final Indirect Costs. Firm Name: _____________________________________________________________ Indirect Cost Rate Proposal: ________________________________________________ Date of Proposal Preparation (mm/dd/yyyy): ___________________________________ Fiscal Period Covered (mm/dd/yyyy to mm/dd/yyyy): ___________________________ I, the undersigned, certify that I have reviewed the proposal to establish final indirect costs rates for the fiscal period as specified above and to the best of my knowledge and belief: All costs included in this proposal to establish final indirect cost rates are allowable in accordance with the cost principals of the Federal Acquisition Regulations (FAR) of title 48, Code of Federal Regulations (CFR), part 31. This proposal does not include any costs which are expressly unallowable under the cost principals of the FAR of 48 CFR 31. All known material transactions or events that have occurred affecting the firm’s ownership, organization and indirect cost rates have been disclosed. I understand that this rate is: 1) subject to review and concurrence by the NJDOT Bureau of Auditing External Audit prior to application and use, 2) subject to further audit verification based on the risk assessment performed (a ‘cognizant audit’ would satisfy our needs and preclude any type of a risk assessment from having to be performed), and 3) any acceptance of this rate does not extend beyond contracts with the New Jersey Department of Transportation. Signature: _______________________________________________________________ Name of Certifying Official (Print): ___________________________________________ Title: ___________________________________________________________________ Date of Certification (mm/dd/yyyy): _________________________________________