Description
This two-day elective course will address the purpose and nature of cost reimbursement contracts. You will learn how this type of contract permits the parties to undertake projects that involve substantial uncertainties and risks. In this course, you will consider the statutory and regulatory coverage of cost reimbursement contracts and alternative cost reimbursement arrangements. You will also review the basics of cost estimating, preparing an IGCE, conducting a cost analysis, modifications, pricing of contract modifications, unilateral modifications, and terminations.
Learning Objectives
- Understand the purpose and the nature of cost reimbursable contracts
- Provide background into the development of a supportable cost estimate
- Examine and apply special administrative requirements for cost reimbursable contracts
- Evaluate cost and pricing for contract modifications
- Recognize special cost considerations for pricing contract terminations
NCMA Competencies
A.1, A.3, B.1, B.2, B.4, B.5, B.6, C.1, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1, 2.2, 3.0, 3.1
Course ID
COST REIM-EL
Length
2 Days
CLPs
16
PDUs
16
Modality
In-person
Virtual
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