Who should attend:
Finance, Accounting, Contracts Personnel, Acquisition Specialist with 5 or more years of experience in Cost and Price Analysis. Those who have taken the Cost & Price Analysis class at least 6 months prior.
What you will learn:
With the ever increasing pressure on federal government budgets, the emphasis on ensuring that prices paid for goods and services are “fair and reasonable” are at an all-time high. “Buyers” (both Government Contracting Officers as well as Prime Contractors) are under intense scrutiny to demonstrate that analytical techniques (Cost Analysis and Price Analysis) prescribed in the Federal Acquisition Regulation (FAR) for determining “fairness and reasonableness” are being performed appropriately and adequately.
FAR describes “cost analysis” as: ” . . . the review and evaluation of any separate cost elements and profit or fee in an offeror’s or contractor’s proposal, as needed to determine a fair and reasonable price or to determine cost realism, and the application of judgment to determine how well the proposed costs represent what the cost of the contract should be, assuming reasonable economy and efficiency.”
Cost Analysis techniques and procedures include the following:
• The classification of workers
• Verification of cost data or pricing data and evaluation of cost elements
• Evaluating the effect of the offeror’s current practices on future costs
• Comparison of costs proposed for individual cost elements with various sources
• Verification that the offeror’s cost submissions are in accordance with the contract cost principles and procedures in Part 31 and, when applicable, the requirements and procedures in 48 CFR Chapter 99 (Appendix to the FAR looseleaf edition), Cost Accounting Standards.
• Review to determine whether any cost data or pricing data, necessary to make the offeror’s proposal suitable for negotiation, have not been either submitted or identified in writing by the offeror.
• Analysis of the results of any make-or-buy program reviews, in evaluating subcontract costs.
Advanced Cost Analysis focuses on these specific techniques and describes and demonstrates in detail the procedures required to accomplish these. 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 Cost Analysis through a thorough review and analysis of the regulations and illustrated through a variety of real world examples, scenarios and case studies.
Materials include:
• Course Manual
• Handouts & Slides
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Dates and Locations
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August 23-24, 2018
Washington Hilton
Washington, DC
$1275
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REGISTER |
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| DAILY SCHEDULE |
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8:00 AM - 3:00 PM
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Schedule for La Jolla, CA and Hilton Head, SC Weeklong Conferences
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9:00 AM - 4:00 PM
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Schedule for All Other Locations
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AGENDA
Cost Analysis – When is it required?
Certified Cost or Pricing Data Requirements
Requirements for Adequate Proposals – FAR Table 15-2
- Cost Analysis Techniques –General
- Reasonableness and Necessity of Costs Proposed
- Cost Estimating Relationships
- Projections and Comparisons
- Make-Buy Programs
- Currency, Accuracy, and Completeness of Data
Cost Analysis Techniques – Direct Cost Element Review
- Direct Material – Analysis of the CBOM – Quantities and Pricing
- Subcontracts – Review of Price or Cost Analysis performed
- Direct Labor – Analysis of Labor Hour Estimates and Pricing
- Other Direct Costs – Review of Travel Cost Estimates and Other Costs
- Cost of Money
Cost Analysis Techniques – Indirect Costs Review
- Indirect Cost Allocation Systems
- Trend Analysis
- Reasonableness
- Allowability
Cost Analysis Techniques – Profit
- Structured Approaches to Profit
- Contingencies
Cost Analysis – Reporting Best Practices
MEET YOUR CONTINUING EDUCATION CREDIT REQUIREMENTS
SEE INDIVIDUAL COURSES FOR AVAILABLE CREDITS
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
NCMA: CONTRACT MANAGER CERTIFICATION
All Federal Publications Seminars courses meet the course requirements of the National Contract Management Association’s certification programs. We are a proud Education Partner of the NCMA.
CPE: CONTINUING PROFESSIONAL EDUCATION
Federal Publications Seminars is part of West Professional Development, which is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
www.learningmarket.org.
CPE HOURS
This Program is eligible for: 13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
CLP: CONTINUOUS LEARNING POINTS
APPROVED FOR CLP BY
DEFENSE ACQUISITION UNIVERSITY
Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.
CLP HOURS
This Program is eligible for: 11.0 (CLP) hours of credit
CLE: CONTINUING LEGAL EDUCATION
States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.
** Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.
CLE HOURS
This Program is eligible for:
11.0 (60 minutes), 11 (50 minutes)
Washington Hilton
1919 Connecticut Avenue, N.W.
Washington, DC 20009
2024833000
RESERVATIONS AT GROUP RATE
There is a room block for this location.
Room Rate: $139.00. Reservations must be made by July 20, 2018, and rooms are based on availability.
TRAVEL INFORMATION
There is a room block for this location.
Room Rate: $139.00. Reservations must be made by July 20, 2018, and rooms are based on availability.
100
Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
200
Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
300
Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
400
Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
500
Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.
