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Cost Realism

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 look at the elements of a vendor’s price and will teach you how to evaluate those elements 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

Pre-Requisites

None

Course ID

COST REAL-EL

Length

1 Day

CLPs

8

Testimonials

“Wonderful course! Thank you for making a boring topic interesting.” – 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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