Description
This two-day elective course will introduce you to the concept of incentive contracts. You will review how to select a contract type, determine risk, implement incentive contract modifications, and compare elements of an incentive arrangement to structure a negotiation objective. This course will also discuss how to examine the current recommended approaches for incentive contracts and add a performance or delivery incentive to a Cost-Plus Incentive Fee (CPIF) or Fixed Price Incentive Firm (FPIF) contract. With this knowledge you will be able to structure an incentive-based requirement to benefit both the Government and the Contractor and understand the relationship.
Learning Objectives
- Identify types of incentive contracts and fully explain the use and application of different contract types
- Analyze incentive objective and subjective arrangements and understand how to select an appropriate cost share amount
- Determine the government’s objectives for an incentive arrangement given a contractor’s proposal
- Examine the current recommended approaches for incentive contracts
NCMA Competencies
A.1, A.2, A.3, B., B.1, B.2, B.4, C.1, C.2, C.3, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1, 4.0, 4.1
Course ID
INCENT CON-EL
Length
2 Days
CLPs
16
PDUs
16
Modality
In-person
Virtual