Who should attend:
Finance, Accounting, Contracts Personnel, Supply Chain and Acquisition Specialists 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 ‘price analysis’ as “…the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit.”
Price analysis techniques and procedures include the following:
• Comparison of proposed prices received in response to a solicitation
• Comparison of the proposed prices to historical prices paid for similar items
• Use of parametric estimating methods/application of rough yardsticks
• Comparison with competitive published price lists, published market prices of commodities, similar indexes, and discount or rebate arrangements
• Comparison of proposed prices with independent Government cost estimates
• Comparison of proposed prices with prices obtained through market research for the same or similar items
• Analysis of data other than certified cost or pricing data (as defined at 2.101) provided by the offeror
Advanced Price Analysis focuses on these techniques and describes and demonstrates in detail the procedures required to accomplish these. Participants will learn not only the “why’s” and the “how to’s”, but will also gain insights on industry best practices.
The course objective, simply stated, is to have participants obtain a working level understanding of Price Analysis through a thorough review and analysis of the regulations and illustrated through a variety of real world examples, scenarios and case studies.
Dates and Locations
July 24-25, 2017
9:00 AM - 4:00 PM
9:00 AM - 12:00 PM
• Price Analysis – When is it required?
• Price Analysis Policy and Regulations
• When to do Price Analysis
• Price Reasonableness vs. Realism
• Price vs. Cost analysis
• Requirements for Price Analysis
• Consequences for Failure to Perform Adequate Price Analysis
• Price Analysis Techniques
o Market Research
o Historical prices
o Published price lists, published market prices of commodities, indexes, discounts or rebates
o Independent Estimates
12:00-1:00 PM LUNCH BREAK
• Price Analysis Techniques - Continued
o Comparison with Independent Government Cost Estimates (IGCE’s)
o Market research
o Pricing information provided by offeror
o Other Than Certified Cost or Pricing Data
o Certified Cost or Pricing Data
• Price Analysis Tools
• Single/Sole Source Procurement
• Commercial Pricing and Market Based Pricing
• Subcontract Price Analysis
• Government Business System implications
o Estimating System Reviews
o Purchasing System Reviews
• Class Exercises
• Industry Best Practices and Current Trends
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
This Program is eligible for: 13 (CPE) hours of credit
Program Level: N/A
Program Prerequisite: N/A
Advance Preparation: N/A
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.
This Program is eligible for: 11 (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.
This Program is eligible for:
11 (60 minutes),
8401 Greensboro Drive
McLean, VA 22102
More information to come.
Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
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.
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.
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.
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.