Description
This ten-day course builds upon the fundamental contract pricing principles and is divided into three segments addressing contract pricing issues from a pre-award, negotiation preparation, and post-award perspective. You will be introduced to quantitative techniques and tools to facilitate decision-making in determining a fair and reasonable price. You will also apply various cost analysis techniques and quantitative tools to analyze a contractor’s cost proposal and develop a government negotiation range and objective. This course is designed to prepare you with practical tools in pricing contracts that are in the government’s best interest.
Learning Objectives
- Determine market research and proposed information from offeror(s) using sampling data
- Understand how to use historical data and regression analysis in facilitating the decision-making process
- Evaluate acquisition proposals, summarizing the development, assumptions, application, and risk of Cost Estimating Relationships (CERs)
- Recognize how to use the improvement curve analysis to select the appropriate statistical information
- Identify issues and factors to be considered in developing the government’s negotiation objective for a contract equitable adjustment when presented with a proposed contract change
- Analyze the associated cost risk given a point estimate (contract cost, ceiling price)
Course ID
CON 270
Length
10 Days
CLPs
80
Modality
In-person
Virtual
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