BoR - 0001R - Prequalification Risk Assessment (ReUp)

Instructions

This form must be completed by parties wishing to qualify to apply for projects and to enter into a contractual agreement with NJDOT as a prime recipient entity.

Attach your organization's most recent audit report to this form. If your organization has expended more than $750,000 in federal grant funds within a year, please attach an A-133 audit form.

 

IMPORTANT: This form is for parties who are re-affirming their Risk PreQualification Assessment Form (per the anual requirement).  You will need your original University/Organization ID to complete this form.  If you do not have this ID ready, please contact the Bureau of Research by phone at (609) 963-2242, or via email at Research.Bureau@dot.nj.gov.

The entity filling out this form has three chances to complete and correct incomplete/incorrect information.

If on the third attempt, the form is not remedied as instructed, your application will be rejected and the form answers you provided will not be kept. You will be provided with a new identification number upon reapplying.

 

For Survey Questions:

#14: These records must contain information pertaining to grant or subgrant and authorizations, obligations, unobligated balances, assets, liabilities, outlays or expenditures, and income.

#25: Apply the following definitions to these terms:

Unqualified means the financial information is presented fairly and in conformance with Generally Accepted Accounting Principles - GAAP.

Qualified means the financial reports essentially are in conformance with Generally Accepted Accounting Principles, except for one or a few areas where the auditor cannot, or does not want to, assert conformance.

Adverse / Disclaimer means the audited financial statements do not fairly represent the organization's financial position or financial performance, and that there are significant departures from GAAP that need to be addressed.

#26: Significant deficiencies include the design or operation of a control over compliance that does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis.