Common use of Overhead Schedule Clause in Contracts

Overhead Schedule. If Consultant or subconsultants calculate overhead as part of their normal business practice, the overhead schedules shall be prepared and submitted in accordance with Agency’s Billing Rate Policy (as may be revised from time to time by Agency) available at: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx See Exhibit B, Part 2 – Cost Information for additional information regarding overhead calculation. In order to assess the adequacy of an audited overhead rate for use in fair and reasonable price negotiation, Agency may evaluate a firm’s financial capability, internal control structure, and overhead schedule. This includes a determination as to the applicability of historical overhead rates to the anticipated future contract period, performing financial ratio analysis, evaluating overhead account trends and utilization rates for reasonableness. Cost Disclosure Questionnaire (“CDQ”)- Throughout the duration of the PA, Consultant shall, and shall cause all of its subconsultants to submit a revised CDQ to Agency’s PA Administrator within 30 calendar days of any changes to Consultant or subconsultant accounting practices pertaining to overhead and direct costs. The CDQ (as may be revised from time to time by Agency) is available at the following Internet site: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx.

Appears in 2 contracts

Samples: Price Agreement, Price Agreement

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Overhead Schedule. If Consultant or subconsultants calculate overhead as part of their normal business practice, the overhead schedules shall be prepared and submitted in accordance with Agency’s Billing Rate Policy (as may be revised from time to time by Agency) available at: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx xxxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx. See Exhibit B, Part 2 – Cost Information for additional information regarding overhead calculation. In order to assess the adequacy of an audited overhead rate for use in fair and reasonable price negotiation, Agency may evaluate a firm’s financial capability, internal control structure, and overhead schedule. This includes a determination as to the applicability of historical overhead rates to the anticipated future contract period, performing financial ratio analysis, evaluating overhead account trends and utilization rates for reasonableness. Cost Disclosure Questionnaire (“CDQ”)- Throughout the duration of the PA, Consultant shall, and shall cause all of its subconsultants to submit a revised CDQ to Agency’s PA Administrator within 30 calendar days of any changes to Consultant or subconsultant accounting practices pertaining to overhead and direct costs. The CDQ (as may be revised from time to time by Agency) is available at the following Internet site: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspxxxxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx.

Appears in 2 contracts

Samples: Price Agreement, Price Agreement

Overhead Schedule. If Consultant or subconsultants calculate overhead as part of their normal business practice, the overhead schedules shall be prepared and submitted in accordance with Agency’s Billing Rate Policy (as may be revised from time to time by Agency) available at: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx xxxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx. See Exhibit B, Part 2 – Cost Information for additional information regarding overhead calculation. In order to assess the adequacy of an audited overhead rate for use in fair and reasonable price negotiation, Agency may evaluate a firm’s financial capability, internal control structure, and overhead schedule. This includes a determination as to the applicability of historical overhead rates to the anticipated future contract period, performing financial ratio analysis, evaluating overhead account trends and utilization rates for reasonableness. Cost Disclosure Questionnaire (“CDQ”)- Throughout the duration of the PA, Consultant shall, and shall cause all of its subconsultants to submit a revised CDQ to Agency’s PA Administrator within 30 calendar days of any changes to Consultant or subconsultant accounting practices pertaining to overhead and direct costs. The CDQ (as may be revised from time to time by Agency) is available at the following Internet siteat: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspxxxxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx.

Appears in 1 contract

Samples: Price Agreement

Overhead Schedule. If Consultant or subconsultants calculate overhead as part of their normal business practice, the overhead schedules shall be prepared and submitted in accordance with Agency’s Billing Rate Policy (as may be revised from time to time by Agency) available at: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx. See Exhibit B, Part 2 – Cost Information for additional information regarding overhead calculation. In order to assess the adequacy of an audited overhead rate for use in fair and reasonable price negotiation, Agency may evaluate a firm’s financial capability, internal control structure, and overhead schedule. This includes a determination as to the applicability of historical overhead rates to the anticipated future contract period, performing financial ratio analysis, evaluating overhead account trends and utilization rates for reasonableness. Cost Disclosure Questionnaire (“CDQ”)- Throughout the duration of the PA, Consultant shall, and shall cause all of its subconsultants to submit a revised CDQ to Agency’s PA Administrator within 30 calendar days of any changes to Consultant or subconsultant accounting practices pertaining to overhead and direct costs. The CDQ (as may be revised from time to time by Agency) is available at the following Internet site: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx.

Appears in 1 contract

Samples: Price Agreement

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Overhead Schedule. If Consultant or subconsultants calculate overhead as part of their normal business practice, the overhead schedules shall be prepared and submitted in accordance with Agency’s Billing Rate Policy (as may be revised from time to time by Agency) available at: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx xxxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx. See Exhibit B, Part 2 – Cost Information for additional information regarding overhead calculation. In order to assess the adequacy of an audited overhead rate for use in fair and reasonable price negotiation, Agency may evaluate a firm’s financial capability, internal control structure, and overhead schedule. This includes a determination as to the applicability of historical overhead rates to the anticipated future contract period, performing financial ratio analysis, evaluating overhead account trends and utilization rates for reasonableness. Cost Disclosure Questionnaire (“CDQ”)- CDQ”) - Throughout the duration of the PAContract, Consultant shall, and shall cause all of its subconsultants to submit a revised CDQ to Agency’s PA Contract Administrator within 30 calendar days of any changes to Consultant or subconsultant accounting practices pertaining to overhead and direct costs. The CDQ (as may be revised from time to time by Agency) is available at the following Internet siteat: xxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspxxxxxx://xxx.xxxxxx.xxx/ODOT/Business/Procurement/Pages/PSK.aspx.

Appears in 1 contract

Samples: Professional Services

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