CGS' public accounting, industry experience and government contracting expertise uniquely position us to opine on overhead rates. CGS delivers a risk-based audit approach tailored to each client's industry and operations to assist a wide variety of contractors. CGS’ overhead audit clients range in scale of operations from $15M - $15B in annual revenues. Our clients serve a variety of industries including: engineering, construction; water treatment and infrastructure, architecture, forestry management, etc.
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Top 10 ENR Firms – CGS’ clients include two of the Top 10 Engineering Firms in the US. Both companies are Fortune 200 companies with worldwide operations and revenues in excess of $15B. As large, public companies, the preparation and audit of their overhead rates is very complicated and involves detailed risk assessments; Corporate and Intermediate Office allocations; statistical sampling for unallowable costs; complex allocation and allowability issues; acquisitions and divestitures; restructuring costs and the related proposals; CAS issues, etc. Our unique combination of accounting, auditing and government contracting skills enables CGS to deliver efficient and effective overhead audits resulting in fair and equitable overhead rtes.
Difficult Relationship with Prior Auditor and DOT Counterparties – A mid-sized engineering firm focused on inspection services for bridges and other roadway structures engaged CGS after ending a contentious relationship with its prior overhead rate auditor. The client had faced routine delays in meeting its filing requirements with the DOT’s, and the audit process created undue management burden and stress. CGS’ risk-based approach focused the audit on the high-risk areas critical to the overhead rates while minimizing administrative burden associated with lower-risk areas not significant to the overhead rates. Our client has submitted its audited overhead rates timely the last three years and its DOT relationships have dramatically improved as a result.
Forestry Client Overhead Rates – While architecture, engineering and construction firms comprise the majority of contracts with DOTs, other industries also provide services which may be subject to FAR Part 31 audit requirements. One of CGS’ overhead audit clients performs forestry management services throughout the pacific northwest and its contracts with various state agencies necessitate audit services. CGS breadth of audit and government contracting experience enables us to deliver overhead audit services to a wide range of clients.
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