Township Council Meeting — Packet

State of Nets Jersey DEPARTMENT OF TRANSPORTATION P.O. Box 600 Trenton, New Jersey 08625-0600 PHILIP D. MURPHY FRANCIS K. O'CONNOR Governor Commissioner TAHESHA L. WAY Lt. Governor July 11, 2024 Ms. Lisa Lieb Corporate Finance Director MFS Consulting Engineers & Surveyor, DPC 2780 Hamilton Bivd. South Plainfield, NJ 07080 Dear Ms. Lieb: Based on our review of MFS Consulting Engineers & Surveyor, DPC’s submitted Overhead Statement for the year ended December 31, 2023, we have determined an overhead rate of 164.01 percent should be used for funding purposes on future contracts with the Department. In addition, in accordance with current Department policy, if FCCM is specifically identified in the cost proposals relating to the contract under which the cost is to be claimed, the audited FCCM rate of 0.64 percent should be used for all new contracts and extra work modifications. Furthermore, if MFS Consulting Engineers & Surveyor, DPC. plans to pursue construction inspection work with the Department, MFS Consulting Engineers & Surveyor, DPC. will need to provide the Department with additional documents to establish a field rate with the Department. In addition, the overhead rate proposed on this overhead letter expires on July 1, 2025. This rate is subject to audit verification. Our acceptance of this rate does not extend beyond contracts with the New Jersey Department of Transportation. Any other entity contracting with the firm is responsible for determining the acceptability of the overhead statement. Tf you have any questions, feel free to contact Miller Khalil at (609) 963-1921, or at miller.khalil@dot.nj.gov. Sincerely, Kachanrd Temmer Richard Temmer Manager, Bureau of External Audit