Course 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

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