Course Description

This one-day elective course will explain the necessity of conducting cost realism analysis and describe the differences between cost and price. This course will walk you through how to evaluate the elements of a vendor’s price to determine whether the costs are appropriate and realistic. You will also address the red flags and pitfalls of unrealistically low offers and how to use cost realism to defend against the scrutiny of a protest. At the conclusion of this course, you will understand the issues and factors to be considered when performing a cost realism analysis.

Learning Objectives

• Define cost realism analysis and when it’s needed
• Describe techniques of cost realism analysis given a proposal evaluation scenario
• Identify the impact of labor charges such as uncompensated overtime, capped indirect rates, and employee professional compensation norms
• Understand the role of cost realism analysis in source selection decisions and acquisition phases
• Access and apply guidance from protest cases based on cost realism analysis

For more information, please contact businessdevelopment@bmra.com or call us at (703) 691-0868 ext. 100.