Description
This five-day elective course will introduce you to quantitative techniques and tools used to facilitate decision-making in determining a fair and reasonable price. It is divided into three segments addressing contract pricing issues from a Pre-Award, Negotiation Preparation-Award, and Post-Award perspective. You will apply various cost analysis techniques and quantitative tools to analyze a contractor’s cost proposal and to develop a government negotiation range and objective. The ultimate objective of the course is to help you become a better business advisor in developing contract arrangements that are in the best interest of the government.
Learning Objectives
- Apply price-related factors
- Integrate contract planning processes
- Conduct market research for price analysis
- Recognize and apply contract cost principles
- Discuss and apply contract pricing strategies for optimal outcomes
- Understand impacts of direct and indirect labor and material costs
NCMA Competencies
A.1, A.3, B.1, B.2, B.4, B.5, B.6, C.1, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1, 2.2, 3.0, 3.1
Course ID
CPA-EL
Length
5 Days
CLPs
40
PDUs
40
Modality
In-person
Virtual
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