Objective
The Overhead Adjustment Reconciliation (OAR) process will be used to route overhead adjustment reconciliations in e-Builder. Audit submissions will still be done outside of e-Builder and emailed to CTAauditedrates@transitchicago.com. Once audit rates are approved by CTA, the Purchasing team will initiate the process with the Approved Rate Audit Letter attached for the consultant to upload their updated cost and price sheets. After appropriate approvals are captured, the amendment will be executed, and the consultant will be instructed to initiate an invoice for the difference. The OAR process should be done yearly and on a task order basis.
Benefits
- Standardized Templates to promote quicker submissions and approvals
- Log visibility
- Reporting capabilities
- Overall improved process efficiencies
Find the guide here!
View/download the OAR templates here!
Watch the OAR training video here!