FAR 15 Cost Proposals, Cost Analysis, and Negotiations

Description

Course Title
The title of this course is Introduction to FAR 15 Cost Proposals, Analysis & Negotiation: Understanding the Government’s Contracting Process

FAR is an abbreviation that stands for Federal Acquisition Regulation. The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds. The Department of Defense (DoD), GSA, and the National Aeronautics and Space Administration (NASA) jointly issue the FAR.

Scope
This course walks through the entire process of the federal government (USG): from receipt of the contractor’s (KTR) certified cost or pricing data, to cost analysis of said data, all the way through completion of negotiations.

Perspective
This course is presented from the perspective of a Cost/Price Analyst working at a Buying Command within the Department of Defense (DoD), sometimes informally referred to as a “Contract Shop”, although much of the information is applicable to other federal agencies.

Goal
The goal of this training is to help private companies gain an understanding of the government’s requirements and expectations on cost data, cost analysis, & cost-based negotiations, and how to meet them.

Benefits
The benefits of having your workforce complete this training include smoother negotiations, faster contract awards, improved relations with your customer, and an increased likelihood of passing DCAA audits.

Suggested
This course is recommended for the following job categories: Contract Administrators & Managers, Buyers & Purchasers, Price Analysts, Cost Estimators, Program Managers, Financial Analysts, Comptrollers, Subcontract Administrators, and Plant Mangers.

What You Will Learn!

• Understand the federal government's contracting process in a sole source environment
• Build an adequate proposal and cost volume
• Understand the cost analysis techniques the federal government will use to evaluate a proposal
• Identify the role of a Buying Command in the contracting process
• Understand the role the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA) in the acquisition process
• Understand how the federal government calculates profit and fee rates
• Understand the process of negotiating with the federal government

Who Should Attend!

• Beginners in federal government contracting
• Prime contractors
• Subcontractors

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