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CON 091: Contract Fundamentals

This thirteen-day course will focus on understanding contract formation and management principles, as well as regulatory fundamentals and their application. You will be provided with the fundamental knowledge and practical application that can be applied immediately in the workplace across the broad spectrum of contracting organizations. In the first part of the course, you will develop critical skills necessary to locate, interpret, and apply regulatory guidance in the Federal Acquisition Regulation (FAR); Defense Federal Acquisition Regulation Supplement (DFARS); DFARS Procedures, Guidance, and Information (PGI); and Class Deviations. Subsequent lessons will focus on the fundamentals of contract formation and management principles, to include the practical application of the FAR/DFARS/DFARS PGI class deviations to real-world scenarios.

Learning Objectives

  • Determine the applicability of policies and procedures in the FAR, DFARS, DFARS PGI, and class deviations
  • Apply the principles of contract formation
  • Given an acquisition scenario, choose the information that would be included in a solicitation or contract
  • Differentiate between types of contracts and apply the policies and procedures for use in acquisitions
  • Given an acquisition scenario, determine the applicability of the policies for small business subcontracting
  • Apply the policies and procedures for using simplified acquisition procedures
  • Determine the applicability of the policies and procedures for contract administration
  • Differentiate between the different types of indefinite-delivery contracts and determine when they may be used in acquisitions
  • Differentiate between the types of agreements and when they may be used in acquisitions
  • Given an acquisition scenario, determine the applicability of the policies and procedures for preparing and processing contract modifications
  • Given an acquisition scenario, determine the policies and procedures for terminating contracts
  • Given an acquisition scenario, execute the process for addressing a contract performance issue
  • Given an acquisition scenario, determine the applicability of the policies and procedures for closing out contracts

Pre-Requisites

None

Course ID

CON 091

Length

13 Days

CLPs

104

Testimonials

“All aspects of this training were valuable, and I got a better understanding of how to use the FAR.” – 2021 participant

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© 2021 Business Management Research Associates, Inc. | All Rights Reserved

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