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EventsCost and Price Analysis in Government Contracting Training Event Wednesday, November 17, 2010
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| Mr. Michael E. Steen Senior Managing Consultant Beason & Nalley, Inc. |
Overview
The course objectives are to provide Government contractors an understanding of the government’s philosophy, methods and techniques that are used to evaluate contractor price proposals, and to also highlight principal regulatory cost and price analysis techniques that contractor procurement departments should mirror in evaluating cost and price within subcontractor and vendor bids. With a focus on FAR Part 15, Contracting by Negotiation, students will gain a thorough understanding of the government’s perspective in analyzing costs and prices that are presented in bids to the government, and will better understand areas of risk when preparing cost proposals most likely to raise Government procurement and audit challenges during audits of proposals. Typical DCAA audit procedures in the evaluation of cost proposals will be discussed, including “red flag” issues that should be avoided. The course will also provide best practices, through several examples, for conducting and documenting adequate cost and price analyses of various subcontractor and vendor bids.
The following outline depicts the subject matter that will be provided:
- FAR Part 15.4 contract pricing regulations-the basics
- Purpose and objectives
- Methods of evaluating proposals
- Cost analysis
- Price analysis
- Cost realism
- Government procurement approach in evaluating proposal
- Cost information that may be required
- Cost or pricing data
- Information other than cost or pricing data
- Recognizing solicitation requirements for cost information
- Delegation of proposal evaluation duties to field auditors
- Subcontract evaluation responsibilities
- Rules for preparing proposals when cost or pricing data is required
- FAR 15.408, Table 15-2
- General requirements
- Discussion by cost element
- DCAA approach in cost analysis
- Risk assessment & scope determination
- Audit approach and typical cost analysis procedures
- Factors that elevate audit risk
- Best practices for avoiding problems during DCAA bid proposal analysis
- Impact of Truth-in-Negotiations Act (TINA) on cost analysis
- Applicability (and exemptions)
- Definition of cost or pricing data
- Ramifications and remedies for failing to follow TINA
- DCAA involvement in TINA audits
- Contractor procurement guidelines in performing cost and price analysis of supplier bids
- Methods for conducting:
- Price analysis
- Cost analysis
- Recognizing when cost analysis is applicable
- Best practices for documenting cost and price analysis
- Examples and case studies
Who Should Attend?
Course content is designed to educate any government contractor professional involved in the contracts administration, procurement, proposal preparation, project management, compliance, accounting and reporting process for any government contract or subcontract. Level of instruction is designed to educate all government contracts professionals involved in the government contracting and procurement life cycle, whether new to the government contracting, or having extensive experience in dealing with government procurement regulations.
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We look forward to seeing you at the Training Event, Wednesday, November 17th!
Also see:
Why Choose Us | Industries | Contact Us
Event Details
| Date: | November 17, 2010 |
| Time: | 8:30 AM - 4:30 PM |
| Cost: | $450 per person |
| Location: | Sheraton Inn 11810 Sunrise Valley Dr. Reston, VA 20191 |
| Registration: | No longer taking registrations for this event |
| Cancellation Policy: | Event Cancellation Policy |
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