Principles of financial engineering third edition pdf

When projected principles of financial engineering third edition pdf are high and available MoDOT staffing resources are limited, the need may arise to solicit for consultant services. EPG 134 Engineering Professional Services is a guide for soliciting, selecting and managing consultant contracts with MoDOT. Professional services are defined under the federal law, The Brooks Act, 40 USC 1102.

State of Missouri, in sections 8. Effective January 1, 2013, all prime consultants must be prequalified to perform engineering services on any project. Missouri Board for Architects, Professional Engineers, Professional Land Surveyors and Professional Landscape Architects. Note: A Certificate of Authority is not required for sole proprietorships or partnerships. This annual financial prequalification is good for one year. For consultants who wish to become prequalified to perform bridge design, MoDOT’s Bridge Division requires that the consultant submit a Bridge Experience Profile and a Personal Bridge Experience Record.

The prequalification is only required for prime consultants. Subconsultants are strongly encouraged to become prequalified in order to reduce repetitive paperwork for future projects. For more information on subconsultant requirements see EPG 134. For prequalification requirements for LPA consultants, see EPG 136. In order to claim indirect costs for grant reimbursement, each such sub-recipient is required to annually submit a signed cost allocation plan for review and acceptance by MoDOT.

Employee time sheet sample showing allocation of direct and indirect labor hours 4. Audited schedules of indirect costs and fringe benefits 5. Audited, reviewed or compiled financial statements 6. A conflict of interest occurs when a consultant has a financial or personal interest in a federally funded project.

To avoid a potential conflict of interest, see 23 CFR 1. Each MoDOT Project Manager should check the Non-procurement List. A list of FAQs regarding consultant issues can be found on FHWA’s website. Diversity includes all the characteristics and experiences that define each individual. Diversity includes a wide range of individual characteristics such as age, religion, gender, race, ethnicity, disability and sexual orientation.

Diversity can also include such things as communication style, work style, economic status and geographic origin. MoDOT supports and encourages diversity within the transportation industry. MoDOT’s engineering consultant solicitations require the consultant to describe their company’s approach to promoting and developing a diverse workforce. An example of promoting and developing diversity is being involved with local secondary and higher education facilities to educate individuals in the field of engineering. Workforce diversity within the consulting firm as a whole can sometimes vary drastically from the diversity within the project team producing the work. Assembling diverse project teams is a way to support workforce diversity.

Engineering consulting firms will be required to report on the project team’s diversity in the workforce diversity verification section of the template invoice, Fig. DBE focuses on firms owned and operated by socially and economically disadvantaged individuals. For more information on DBE, visit MoDOT’s External Civil Rights webpage. When MoDOT needs consultant services, specific processes for soliciting and selecting a consultant must be followed. This is mandated by both the federal and state law.