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RFQ No. 19-11-01 Professional Engineering and Architectural Services for Pedestrian Bridge with Park Elements Across A1A at 174th St. - CCNA. <br />City of Sunny Isles Beach <br />|23 <br />Finley Engineering Group, Inc. <br />Notes to Statement of Direct Labor, Fringe Benefits and General Overhead <br />For the Year Ended December 31, 2018 <br /> <br />(7) Related Party Transactions <br />The Company rents office space from a related party entity. Rent has been adjusted by $109,013 to <br />comply with the provisions of FAR 31.205-36. <br /> <br />(8) Pension Plan <br />The Company maintains a 401-K pension plan which meets the requirements of FAR 31.205-6. <br /> <br />(9) Facilities Cost of Capital <br />The following represents the FCCM Rate for the year ended December 31, 2018: <br />NBV of Assets Current Period $302,765 <br />NBV of Assets Prior Period 12,710 <br />Average Net Book Value 157,738 <br />Average Treasury Rate 3.06% <br />Facilities Capital Cost of Money 4,831 <br />Divided by: Direct Labor Cost 794,176 <br />FCCM Rate 0.608% <br />(10) Summary of Fringe Benefits & General Overhead Rates <br />The following represents the allowable overhead rates incurred by the Company for the year ended <br />December 31, 2018: <br /> <br /> FAR Overhead Rate <br /> Fringe Benefits & General Overhead / Direct Labor = Overhead Rate <br /> $1,422,961 / $794,176 =179.175% <br />(11) Description of Labor-Related Costs <br />Direct Labor: The Company charges labor to all projects through time entered on time sheets and <br />assigned to individual project numbers. All labor charges to projects are based on actual labor costs. <br />Paid Leave: The Company provides paid leave to employees according to job classification and length of <br />service. <br />Business Development Labor: The Company has removed all unallowable business development labor <br />from the indirect cost pool in the amount of $19,176. <br />Premium Overtime:The Company does not include the premium portion of overtime in the indirect cost <br />pool. The premium portion of paid overtime is included in the direct labor base. <br />(12) Contract/Purchased Labor <br />The Company uses contract labor for engineering related services and bills this labor as Other Direct <br />Costs. No overhead is applied to this labor. <br />(13) Personal Use of Auto <br />The overhead cost pool has been adjusted by $12,677 to reflect personal use of company vehicles. <br /> <br />QUALIFICATION INFORMATION & ASSIGNED PERSONNEL E