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Will NJDOT provide any consideration for firms that lack Federal Acquisition Regulations (FAR) audits and have to perform “catch-up” audits for several years?

April 26, 2017acquisition catch-up consideration Federal firms lack njdot regulations

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Will NJDOT provide any consideration for firms that lack Federal Acquisition Regulations (FAR) audits and have to perform “catch-up” audits for several years?

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All firms are subject to the criteria, which is based on whether a firm has Exempt status, or whether it exceeds the $50,000 threshold of incurred New Jersey Department of Transportation (NJDOT) Direct Labor in any one fiscal year.