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CON 270: Intermediate Cost and Price Analysis

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 used 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 to develop a government negotiation range and objective. The course is designed to prepare you with practical tools in pricing contracts that are in the best interest of the government.

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
  • Successfully evaluate acquisition proposals, summarizing the development, assumptions, application, and risk of Cost Estimating Relationships (CERs)
  • Master the use of estimating factors, government price objective, and price termination settlements
  • 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)
  • Detail how to identify the appropriate incentive contract type arrangement

Pre-Requisites

CLC 056, CON 170

Course ID

CON 270

Length

10 Days

CLPs

80

Testimonials

“It introduced to me other ways of doing cost & price analysis – much needed.” – 2019 participant

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

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