Cost Analysis and Price Analysis – two critical and essential tools used in assessing fairness and reasonableness of proposed prices – must be understood by buyers and sellers in all government contracting situations.
Government Contracting Officers are required to “purchase supplies and services from responsible sources at fair and reasonable prices”. Likewise, when working under a cost-reimbursable contract, contractors are held to a similar standard. When bidding on any contract for which “certified cost or pricing data” are required, contractors are instructed to conduct price analyses of all subcontractor proposals. The prime contractor is required to conduct cost analyses for all subcontracts when certified cost or pricing data are submitted by the subcontractor. These analyses are required to be provided as part of the contractor’s own certified cost or pricing data submissions for subcontracts expected to exceed the appropriate threshold in FAR 15.403-4. The complexity and circumstances of each acquisition should determine the level of detail of the analysis required.
This class is taught in a straight forward manner from the perspective of the buyer and presents a thorough discussion of these concepts in practical and actionable terms. Participants will learn not only the “why’s” but the “how to’s”. The course objective, simply stated, is to have participants obtain a working level understanding of what the dual techniques of Cost Analysis and Price Analysis are, when they are to be used, and how to accomplish them. This objective is achieved through a thorough review and analysis of the regulations and illustrated through a variety of real world examples, scenarios and case studies.
Cost: $300 / NCMA members
$345 / Non-members
(Breakfast and lunch will be provided.)
We hope you can make it!
NCMA FREE STATE CHAPTER
Hours of Instruction: 14
Number of CPEs: 14
Number of CEUs: 1.4
Number of CLPs: 14
Number of MCEs: 14
Check-in and breakfast buffet will begin at 7:30 AM
The NCMA Free State Chapter consists of over 400 members working in the contracting profession for all business sizes, as well as Federal, State, and Local Governments, and educational institutions.
Our monthly meetings are held at The Johns Hopkins University Applied Physics Laboratory located in Laurel, MD.
Although we are a professional association, you don't have to be a member to attend our monthly educations seminars and events.
Visit us at http://resources.ncmahq.org/chapters/free_state/default.aspx to view our other upcoming events.
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