Consulting Contract - Lochmueller Group - Inspection for Corby-Ironwood-Rockne Intersection Improvements

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INDIANA DEPARTMENT OF TRANSPORTATION wommmm" Ron" 100 rth Senale Avenue Eric Holcomb, Governor Room Joe McGuinness, Commissioner Indianapolis, Indiana 46204 External Audit htt,p://www.inqovlind,ot/2846,,htm Division of Economics, External Audit, and Performance Metrics August 6, 2018 Re: Report on Review of Financial Prequalification submission 19-15-31 For Fiscal Year Ending: December 31, 2017 Amie Roach, Accounting Manager Lochmueller Group, Inc, 6200 Vogel Road Evansville, IN 47715 Dear Ms. Roach: External Audit has reviewed the Financial Prequalification submittal by Lochmueller Group, Inc. for the fiscal year ending December 31, 2017. This notice is to report the results of the financial review. For further information regarding the overall Prequalification status of your firm, including technical requirements, please contact the Prequalification Section directly. We reviewed an Indirect Cost Schedule and associated required documents for Financial Prequalification submitted for the CPA Audited Level as application #21935. Per the Somerset CPAs, P.C. report, the Indirect Cost Schedule was audited in accordance with generally accepted government auditing standards issued by the Comptroller General of the United States and 48 CFR Part 31, with an audited indirect cost rate of 187.68%, facilities capital cost of money rate of 0,42 % and expressed the opinion that these rates present fairly, in all material respects, the direct labor, fringe benefits, and general overhead of Lochmueller Group, Inc, for the period ending December 31, 2017. Indiana Department of Transportation (INDOT) accepts the use of these rates for invoicing of services provided during the firm's fiscal period covered by this report, for contracts with or administered through the agency. Acceptance of these rates for this use does not constitute "establishment of a rate by a cognizant agency" for the purpose of applying the regulations published in Title 23 CFR Sect. 172.7. INDOT also accepts the use of these rates as provisional rates for estimating, negotiating and billing current contracts with or administered through the agency. This provisional rate acceptance expires June 30, 2019. Costs billed to contracts with federal participation are subject to audit for compliance with the cost principles contained in 48 CFR Part 31. With the financial prequalification accepted at the CPA Audited Level, this firm is not restricted to total annual billings of less than $250,000.00 for a contract or contracts with or administered through INDOT. Total wages and salaries (not including bonuses, profit share, company retirement contributions, or other unallowable forms of indirect compensation) were submitted as $7,840,953 Direct and $5,818,258 Indirect, for a total of $13,659,211. www.rn.gov/dot/ An Equal Opportunity Employer