<SEC-DOCUMENT>0001193125-19-105060.txt : 20190605
<SEC-HEADER>0001193125-19-105060.hdr.sgml : 20190605
<ACCEPTANCE-DATETIME>20190412143632
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-19-105060
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20190412

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARSONS CORP
		CENTRAL INDEX KEY:			0000275880
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				953232481
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1226

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5875 TRINITY PKWY #300
		CITY:			CENTREVILLE
		STATE:			VA
		ZIP:			20120
		BUSINESS PHONE:		703-988-8500

	MAIL ADDRESS:	
		STREET 1:		5875 TRINITY PKWY #300
		CITY:			CENTREVILLE
		STATE:			VA
		ZIP:			20120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARSON CORP
		DATE OF NAME CHANGE:	20000101
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</P> <P STYLE="font-size:72pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:6.00em; font-size:10pt; font-family:Times New Roman">April 12, 2019</P></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><B><I>VIA EDGAR AND HAND DELIVERY </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">100 F Street, NE </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">Washington,
D.C. 20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%" VALIGN="top" ALIGN="left">Attention:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Mitchell Austin </P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Staff Attorney </P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">AD Office 3&#151;Information Technologies and Services </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Parsons Corporation </B></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> </B></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Filed April&nbsp;12, 2019 </B></P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>CIK No.&nbsp;0000275880 </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">On behalf of our client, Parsons Corporation (the &#147;<B><I>Company</I></B>&#148;), we are hereby publicly filing with the
Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) a registration statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (the &#147;<B><I>Registration Statement</I></B>&#148;). The Company previously submitted, on a
confidential basis, a draft registration statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> on March&nbsp;22, 2019 (the &#147;<B><I>Draft Registration Statement</I></B>&#148;). The Registration Statement has been revised to reflect the
Company&#146;s responses to the comment letter to the Draft Registration Statement received on April&nbsp;4, 2019 from the staff of the Commission (the &#147;<B><I>Staff</I></B>&#148;). For your convenience, we are providing by overnight delivery a
courtesy package that includes four clean copies of the Registration Statement and four copies that have been marked to show changes from the Draft Registration Statement, as well as a copy of this letter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">For ease of review, we have set forth below each of the numbered comments of your letter in bold type followed by the
Company&#146;s responses thereto. Except for page numbers appearing in the headings and the Staff&#146;s comments below (which are references to the Draft Registration Statement), all page references herein correspond to the relevant pages of the
Registration Statement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Draft Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Prospectus Summary </I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Our Competitive Strengths </I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Proven Track Record, page 6 </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>We note that you achieved average award fees of 96% in fiscal 2016, 86% in fiscal 2017 and 89% in fiscal
2018. Please disclose the amount of award fees earned for each period presented to allow investors to better understand the impact of award fees. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman"><I>Response</I>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to the Staff&#146;s comments, the Company has
revised pages&nbsp;7 and 101 of the Registration Statement to include the amount of award fees earned for each period presented. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Notes to Consolidated Financial Statements </I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Note 2 &#150; Summary of Significant Accounting Policies </I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman"><I>Revenue Recognition, page <FONT STYLE="white-space:nowrap">F-9</FONT> </I></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Please further discuss the nature of the services provided in your engineering and construction supervision
contracts and how you have concluded that these contracts contain two performance obligations. As part of your response, please explain to us how these arrangements differ from the engineering and construction contracts. In addition, further
describe your supervision services and tell us how you have considered whether you are the principal or the agent when another party is involved. Refer to <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">ASC&nbsp;606-10-25-19,</FONT></FONT></FONT> <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-55-36</FONT></FONT></FONT> and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-50-12.</FONT></FONT></FONT> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman"><I>Response</I>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Provided below is the Company&#146;s analysis on how it determined the performance obligations when the Company has a
contract with a customer to provide both engineering services and construction supervision services and when the Company has a contract with a customer to provide both engineering services and construction services. The analysis includes an
explanation of how construction supervision services and construction services differ from each other. In a situation where the Company is performing construction supervision services, the Company has also provided an explanation on how it concluded
that the Principal vs Agent assessment is not applicable when another party is involved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman"><U>Engineering Services</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Engineering services consist of preliminary design, detailed design, design review, shop drawings, <FONT
STYLE="white-space:nowrap">as-built</FONT> drawings, or various combinations of these services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman"><U>Construction Supervision Services</U>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Construction supervision services include a process by which the Company applies detailed and specific procedures to
oversee, coordinate, measure, and evaluate the quality of </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">construction work and the performance of Construction Contractors (as defined below in the
section titled &#147;Principal vs Agent&#148;) for the customer. This generally involves managing and monitoring the progress of the Construction Contractor&#146;s efforts, notifying the customer of delays and making recommendations on how to
achieve the customer&#146;s overall project timeline. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman"><U>Engineering Services and Construction Supervision Services</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The Company often enters into contracts to provide either engineering services or construction supervision services to the
customer. Sometimes, the Company contracts with the customer to provide both engineering services and construction supervision services for the same project. In the situation where the Company has contracted with the customer for both engineering
services and construction supervision services, the engineering services and construction supervision services are each distinct performance obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Engineering services and construction supervision services are distinct performance obligations based on the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Capable of being distinct - ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">606-10-25-19(a)</FONT></FONT></FONT> - The Company has determined that the engineering services and construction supervision services each meet the criterion in paragraph <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-19(a)</FONT></FONT></FONT> as the customer can benefit from the engineering services on their own or together with other readily available resources (for example, construction
services available from alternative providers). Additionally, each of these services is regularly sold on a stand-alone basis by the Company or other third-party engineering and construction companies. For example, the Company is often engaged to
provide only engineering services by which it may be engaged to provide drawings which are ultimately used by Construction Contractors to construct the asset. Similarly, the Company may provide a customer with construction supervision services
related to the construction of an asset from a third-party&#146;s design. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Distinct within the context of the contract -
ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-19(b)</FONT></FONT></FONT> - As outlined in ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">606-10-25-21,</FONT></FONT></FONT> in assessing whether an entity&#146;s promises to transfer goods or services to the customer are separately identifiable in accordance with paragraph <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-19(b),</FONT></FONT></FONT> the objective is to determine whether the nature of the promise, within the context of the contract, is to transfer each of those goods or services
individually or, instead, to transfer a combined item or items to which the promised goods or services are inputs. For the Company, the specified services being provided are transferred individually to the customer, which suggests that there are two
specified services in the arrangement. The Company has considered the factors in ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-21</FONT></FONT></FONT> that indicate that two or more
promises to transfer goods or services to a customer are not separately identifiable and determined that the Company is not providing a significant service of integrating the engineering services with the construction supervision services or vice
versa. In addition, there is not a transformative relationship between the construction supervision and engineering services. The services do not significantly affect each other such that they create a combined output. The engineering drawings are
used by the Construction Contractor to construct the asset and the Company&#146;s role in providing construction supervision services is to oversee the Construction Contractor&#146;s performance in constructing the asset. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The engineering services can be fully executed without dependence on the
construction supervision services. The Company can fulfill its engineering services without providing construction supervision services. Conversely, the Company can fulfill its construction supervision services without providing engineering
services. Therefore, the engineering and construction supervision services provided by the Company are not highly interdependent or interrelated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Engineering and construction supervision services do not significantly modify or customize one another. As discussed above,
the Company can fulfill engineering services without providing construction supervision services and can fulfill construction supervision services without providing engineering services. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">As a result, the Company identified engineering services and construction supervision services as separate performance
obligations under ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-19.</FONT></FONT></FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman"><U>Engineering and Construction Supervision Services versus Engineering and Construction Services</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">In addition to the engineering services and construction supervision services discussed above, the Company also provides
construction services to its customers. Like construction supervision services, construction services can be provided on a standalone basis or with other services. Unlike construction supervision services, where the Company is overseeing the
progress of the Construction Contractor for the customer, when performing construction services along with engineering services, the Company is responsible for delivering to the customer a completed asset. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">In the situation where the Company has contracted with the customer for both engineering services and construction services,
the engineering services and construction services are capable of being distinct but are not distinct performance obligations in the context of the contract. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Capable of being distinct - ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">606-10-25-19(a)</FONT></FONT></FONT> - Both services are capable of being distinct as the customer benefits from each service separately. The Company has determined that the engineering services and construction services
each meet the criterion in paragraph <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-19(a)</FONT></FONT></FONT> as the customer can benefit from the engineering services on their own or
together with other readily available resources (for example, construction services available from alternative providers). Additionally, each of these services is regularly sold on a stand-alone basis by the Company or other third-party engineering
and construction companies. For example, the Company is often engaged to provide only engineering services by which it may be engaged to provide drawings which are ultimately used by a Construction Contractor to construct the asset. Similarly, the
Company may provide a customer with construction services related to the construction of an asset from a third-party&#146;s design. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Distinct within the context of the contract - ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">606-10-25-19(b)</FONT></FONT></FONT> - When entering into engineering and construction contracts, the Company provides a significant service of integrating engineering services with construction services to provide a
single output for the customer (i.e. a </P>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:7pt; font-family:ARIAL"><B>April 12, 2019 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:7pt; font-family:ARIAL"><B>Page 5 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


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 </P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:10pt; font-family:Times New Roman">completed asset). In these contracts, the construction is highly dependent on the engineering
work performed at the beginning of the project. It is not possible to construct and deliver to the customer the completed asset without the engineered drawings. Additionally, during construction, the Company may need to frequently alter the
engineering for issues identified by the Construction Contractor during construction. Examples of the types of changes that may occur are differing site conditions identified during site excavation or conflicts in design (the civil design conflicts
with the structural design). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The promise, within the context of the contract, is to transfer to the customer a
constructed asset to which the promised services are inputs. As a result, engineering and construction services are not distinct in the context of the contract and instead are combined and accounted for as one performance obligation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman"><U>Principal vs Agent</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The arrangement entered into by the Company is not a multi-party arrangement but is instead a contract to provide engineering
services and constructions supervision services from the Company to the end customer. The construction services are provided by a third-party construction contractor (the &#147;Construction Contractor&#148;) and are governed by the contract between
the third-party and the end customer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">In providing construction supervision services, the Company is not liable for the
construction of the asset, but has an overall responsibility to oversee, coordinate, measure, and evaluate the quality of construction work and the performance of the Construction Contractor for the customer. The customer is responsible for
appointing, directing, and dismissing the Construction Contractor. Further, the Construction Contractor is responsible for the &#147;means and methods&#148; of construction, meaning the construction contractor has the authority to determine what
methods it will undertake to complete the asset given the overall project timeline. The Construction Contractor has the liability to deliver the constructed asset to the customer. As a result, the Company respectfully advises the Staff that an
analysis of Principal vs Agent in these arrangements is not applicable. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>You disclose that your contracts include assurance-type warranties. If material, revise to provide a tabular
reconciliation of the warranty liability. Refer to ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">460-10-50-8(c).</FONT></FONT></FONT> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman"><I>Response</I>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to the Staff&#146;s comment, the Company
respectfully advises the Staff that the warranty liability related to assurance-type warranties is not material, and as such, in accordance with ASC
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">460-10-50-8(c),</FONT></FONT></FONT> a tabular reconciliation of such warranty liability is not required to be provided. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Revise to disclose the nature of the services provided where the performance obligations are satisfied at a
point in time and when the customer obtains control of the services. Refer to ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-30</FONT></FONT></FONT> and
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-50-12.</FONT></FONT></FONT> </B></P></TD></TR></TABLE>
</DIV></Center>


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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:7pt; font-family:ARIAL"><B>April 12, 2019 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:7pt; font-family:ARIAL"><B>Page 6 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


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 </P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman"><I>Response</I>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to
the Staff&#146;s comment, the Company has revised page <FONT STYLE="white-space:nowrap">F-13</FONT> of the Registration Statement to describe the nature of the services provided where the performance obligation is recognized at a point in time and
when the customer obtains control of the services. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The Company has contracts in which it performs vehicle inspection
services on behalf of the customer in order to ensure vehicles are in compliance with emissions regulations. The inspection services are performed on a per vehicle basis as vehicles are brought to the inspection facility. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The Company does not recognize revenue over time for its inspection services because none of the criteria outlined in ASC <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">606-10-25-27</FONT></FONT></FONT> are met: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The customer does not simultaneously receive and consume the benefits of the inspection service. There is no
benefit to a partially inspected vehicle. The customer only receives a benefit from a fully inspected vehicle. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The inspection services do not create or enhance an asset. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">There is no alternative use for the inspection service as the service is specific to each vehicle.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Company does not have a present right to payment until the inspection service is complete.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">Since the criteria for recognizing revenue over time has not been met, the Company concluded that
revenue for vehicle inspection services should be recognized at a point in time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">The customer obtains control of the
inspection service at the completion of the inspection of each vehicle. Therefore, revenue related to the inspection service is recognized for each vehicle inspection at the point the company has completed the inspection. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>We note several references throughout the filing to the use of the <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">&#147;percentage-of-completion</FONT></FONT> method.&#148; Please revise to refer to an appropriate measure of progress under ASC 606, consistent with your policy disclosed on page
<FONT STYLE="white-space:nowrap">F-12.</FONT> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman"><I>Response</I>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to the Staff&#146;s comment, the Company has
removed all references to <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;percentage-of-completion&#148;</FONT></FONT> method throughout the Registration Statement and replaced such references with the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;cost-to-cost</FONT></FONT> measure of progress&#148; method, which is consistent with the Company&#146;s revenue recognition policies disclosed on page
<FONT STYLE="white-space:nowrap">F-10</FONT> of the Registration Statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">In the discussion of the use of estimates in
Note 2 to the Consolidated Financial Statements, the Company described significant revenue estimates as &#147;percentage of completion&#148; and &#147;price adjustments&#148;. Those significant revenue estimates are now presented as &#147;cost to
complete&#148; and &#147;transaction price&#148;. </P>
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<Center><DIV STYLE="width:8.5in" align="left">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:7pt; font-family:ARIAL"><B>April 12, 2019 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:10%; font-size:7pt; font-family:ARIAL"><B>Page 7 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


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 </P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:10%; text-indent:5%; font-size:10pt; font-family:Times New Roman">We hope the foregoing answers are responsive to your comments. Please do not hesitate to contact me by telephone at (213) <FONT
STYLE="white-space:nowrap">891-7421</FONT> or by fax at (213) <FONT STYLE="white-space:nowrap">891-8763</FONT> with any questions or comments regarding this correspondence. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; margin-left:65%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:65%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">/s/ Steven B. Stokdyk </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:65%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">of LATHAM&nbsp;&amp; WATKINS LLP </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Charles Harrington, Parsons Corporation </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">George Ball, Parsons Corporation </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Michael Kolloway, Parsons Corporation </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Cathy Birkeland, Latham&nbsp;&amp; Watkins LLP </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Stewart McDowell, Gibson, Dunn&nbsp;&amp; Crutcher LLP </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Peter Wardle, Gibson, Dunn&nbsp;&amp; Crutcher LLP </P></TD></TR></TABLE>
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