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CON 124: Contract Execution

This two-day course focuses on executing the acquisition planning through soliciting industry and awarding a contract. You will be provided with the knowledge necessary to execute an acquisition that optimizes customer mission performance, learn the techniques and benefits of early industry involvement in shaping requirements, and apply the basic procedures for acquisition of both commercial and noncommercial requirements. Learn how to effectively conduct analysis of market data, determine when a price is fair and reasonable, conduct basic competitive acquisitions, process awards, and handle protests before and after contract award.

Learning Objectives

  • Determine if the purchase request package can be accepted and processed
  • Determine the applicable methods for exchanging information with the vendor
  • Determine the components and procedures for preparing an oral or written solicitation
  • Determine the procedures for processing solicitation responses
  • Determine the analytical techniques that are used to evaluate contractors’ proposals to ensure that both the government and contractor receive a fair and reasonable price
  • Complete the price analysis of a contractor’s proposal in order to establish price objective for negotiation
  • Determine the elements of a negotiation strategy
  • Determine the procedure taken for contract award

Pre-Requisites

CON 121

Course ID

CON 124

Length

2 Days

CLPs

16

Testimonials

“This class helped me to learn how to be more analytical with researching responses.” – 2019 participant

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

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Stay in the loop with special offers, educational content, and more.

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

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