Helping SAS Geospatial with FAR Compilation and Overhead Rates

Expert Guidance Secures FAR Compliance and Sets the Stage for Future Growth

SAS Geospatial, a fast-growing land surveying and geospatial firm in the Mid-Atlantic, required a FAR overhead audit to satisfy the compliance requirements of their local government contracts. However, they lacked the necessary preparation to successfully complete the audit on their own.

Stambaugh Ness’s Government Contracting (GovCon) Advisory team assessed the firm’s readiness and recommended a strategic approach. SN guided SAS Geospatial through a FAR overhead compilation, a critical stepping stone to future audits. The project included:

• Preparation of their overhead schedule.
• Review of their Internal Control Questionnaire (ICQ).
• Organization of their data.

SN’s GovCon team provided a thorough Statement of Direct Labor, Fringe Benefits, and General Overhead compilation, including FAR Overhead Rate calculation. They also provided supporting documentation for the client’s 2024 accounting adjustments. In addition, we coached the SAS Geospatial management team on the necessary steps for a successful audit in the following year. This proactive guidance resulted in the successful submission of overhead requests to several state Department of Transportation, and secured Overhead Rate approval from PennDOT.

Testimonial

“Thanks to the support from Stambaugh Ness, SAS Geospatial was able to deliver Overhead Submission requests to several state DOTs and have already received Overhead Rate approval from PennDOT.” – Richard Yoffee, Director of Finance.

Related Services

Audits, Reviews & Compilations, Government Contracting Assurance Services