Proposal/Contract/Pricing
Who is Midwest's regional contract lead?
David Zimmerman
In order to increase your project budget, what is required to get from the client?
Signed amendment or email authorization
When Effort exceeds Revenue on a project, it is commonly referred to as what?
PIT (project in trouble)
If we are working with a new client for the first time, or a client with poor payment history, what can we request before we start work?
Retainer
What is the common name for a time transfer AND also the first name of the inventor of a popular kids entertainment company?
WALT
Full signers can do what, that standard signers cannot do?
Signing of non-KH contracts
What are the 4 Fee Types used at Kimley-Horn?
Lump Sum
Cost Plus
Cost Plus Max
Cost Plus Fixed Fee
This field is what is updated in the PM App to recognize revenue?
CTC (cost to complete)
What is our metric that shows the relationship between revenue and billing?
WIP
You get a request from a client for a rush permitting fee. What tool do you use to submit for this check?
Payment Request App
This KH tool details costs and rates to aid in development of a fee proposal?
One-Page Fee Estimate
What portion of a contract is NOT considered in Job Start $?
Expenses
This report is used to analyze time charges that are pending, but have not yet hit your project?
Real Time Effort
On a standard KH contract, how many days does a client have to pay our invoice after it has been received?
25 days
If a subconsultant has completed their work but hasn't billed Kimley-Horn yet, what's the benefit of Kimley-Horn billing the service to our end client?
Sub consultants will be paid quicker
How many standard FW rate schedules are there?
12 total (8 private, 4 public)
What % of PMs in the Midwest submit their job starts via the Online Job Start Tool? (rounded)
25%, 50%, 75%, or 90%
75%
Total Fee minus Expenses, divided by Labor Cost is the calculation for what?
Total Fee - Expenses / Labor Cost = ?
Multiplier
On average, how many days does it take an invoice to be paid in the Midwest in 2024?
57 days, 88 days, 99 days, or 114 days?
88 days
What 2 items are required to be on file to pay a subconsultant's invoice?
A fully executed subconsultant agreement AND an active COI
What is the firm's current audited overhead rate?
195% (rounded)
What is the standard allocation % used across the firm?
Part 2: Name one type of overhead expense that is covered by allocation.
4.6%
Telecommunications, In-house reproduction, Postage, Supplies, Project-related computer time, Local mileage
These fee types require labor or expenses to be charged to them in order to bill the client?
Cost Plus
Cost Plus Max
Cost Plus Fixed Fee
What days of the month can accounting generate an invoice for a client?
Any day of the month
Who can submit a request for a COI?
Anyone!