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An accelerated, comprehensive two day course on the practical, legal, accounting, and management systems implications in the use of various contract types.
This course is designed for both new and experienced contract professionals. For new employees, it explains the different contract types and their uses. For experienced employees, it is a refresher and an update examining the various contract types and the new, innovative types of contracts in use. It includes an analysis of the risks inherent in contracting and the role of risk management in both fixed-price and cost-reimbursement contracting. In fact, risk considerations are the primary drivers behind renewed Congressional interest in moving toward fixed-price contracts.
This course is different from others in that it does more than explain the differences between and among the various types of contracts. Its purpose is to outline the practical, legal, accounting, and management systems implications in the use of each type of contract. Its end objective is to provide both new and experienced employees with a greater understanding of contract implications so that they may better administer and manage their own contracts.
An exceptional faculty with extensive teaching, legal, accounting, and management experience will facilitate the course.
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Dates and Locations
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September 26-27, 2012
AMA Conference Center
Arlington, VA
$1025.00
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Accreditation
This Program is eligible for:
11.0 (60 minute)
13.2 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
This Program is eligible for:
11.0 (CLP) hours of credit
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Daily Schedule
9:00 AM - 4:00 PM
Course Curriculum
- Procurement Methods
- Simplified Acquisition Procedures
- Sealed Bidding
- Contracting by Negotiation
- Acquisition of Commercial Items
- Performance-Based Contracts
- Special Contracting Methods
- Contract Types - (Description, application, management burdens, limitations and clauses)
- Selecting Contract Types
- Assessing contract risk
- Sharing contract risk
- Fixed-Price Contracts
- Firm-fixed-price contracts
- Fixed-price contracts with economic price adjustment
- Fixed-price incentive contracts
- Fixed-price contracts with award fees
- Fixed-price contracts with prospective price re-determination
- Fixed-price contracts with retroactive price re-determination
- Firm-fixed-price, level-of-effort term contracts
- Cost-Reimbursement Contracts
- Cost contracts
- Cost-sharing contracts
- Cost plus-incentive-fee contracts
- Cost-plus-award-fee contracts
- Cost-plus-fixed-fee contracts
- Indefinite-Delivery Contracts
- Definite-quantity contracts
- Requirements contracts
- Indefinite-quantity contracts
- Ordering
- Other Contracts Types
- Time-and-Materials contracts
- Labor-hour contracts
- Letter contracts
- Agreements
- Basic agreements
- Basic ordering agreements
- Financial and Accounting Considerations for Different Contract Types
- Pricing and Cost Estimating
- Truth in Negotiations Act
- Submission of cost or pricing data
- Defective Pricing
- Indirect Rates
- Forward pricing rates
- Provisional billing rates
- Revenue booking rates
- Actual rates
- Quick close-out rates
- Billing Methods and Revenue Recognition
- Milestone billings
- End item billings
- Cost vouchers
- Progress payments
- Advance payments
- Liquidation issues
- Percentage of completion, cost-to-cost method
- Commercial payment schedule
- Government Audit Rights
- Pre-award audits
- Post award audits
- Incurred cost submissions
- System reviews
- Contract Close-out Issues
- Quick Close-Out Procedures
- Contract Retentions and Holdbacks
- Final Billing and Payment
- Document/Records Retention
COURSE FACULTY
As a consultant, Mr. Roberts encompasses a wide range of consulting assignments for numerous government and commercial contractors. Consulting assignments primarily involve regulatory issues relating to contract pricing, cost accounting, profitability and administration. Mr. Roberts also assists contractors in assessing the adequacy of their accounting, estimating, billing and purchasing systems and the ability of those systems to comply with applicable procurement regulations.
As a litigation specialist, Mr. Roberts assists legal counsel in matters involving: contract fraud, contract claims, contract terminations, bid protests, post acquisition disputes and defective pricing. He also testifies as an expert in government contract cost accounting matters, having testified in Federal District criminal and civil courts and before the Armed Services Board of Contract Appeals.
In recent years, Mr. Roberts has assisted several major contractors with the restructuring and integration of their organizations following mergers and acquisitions. These performance improvement type activities are aimed at eliminating organizational redundancies, improving operational efficiencies and reducing costs. Following the organizational realignment, Mr. Roberts also assists contractors in redesigning and simplifying their cost accounting systems and structure while ensuring compliance with applicable cost accounting regulations.
Prior to working as a consultant, Mr. Roberts worked with a major aerospace and defense contractor. At that company, he held positions involving accounting, finance and contract management. Mr. Roberts has a Bachelor of Arts in Economics from Harvard University.
Brian A. Darst is an attorney with the firm of Odin, Feldman & Pittleman in Fairfax, Virginia, and holds the position of Counsel. He specializes in legal matters involving Government construction and service contract law and has extensive experience in the areas of contract formation and administration issues, bid protests, claims preparation and litigation, internal investigations, voluntary disclosures, procurement fraud investigations, various suspension and debarment proceedings, matters related to Small Business Administration, and other issues involving the award and administration of federal and state government contracts. Mr. Darst has represented clients in various matters before the Government Accountability Office, the Postal Service, Armed Services, and General Services Administration Boards of Contract Appeals, the Court of Federal Claims, the Small Business Office of Hearing and Appeals, and various agency-level proceedings. Mr. Darst's practice includes assisting clients with matters related to the sale and acquisition of firms involved in Government contracting, software licensing issues, other corporate governance matters, and civil litigation in Virginia and District of Columbia.
Mr. Darst is admitted to practice in the District of Columbia, Virginia, and West Virginia. He is admitted to practice before the United States Supreme Court, the United States Court of Appeals for the Federal Circuit, the Court of Appeals for the Fourth Circuit, the Court of Federal Claims, and the United States District Courts for the Eastern District of Virginia and the Southern District of West Virginia.
Mr. Darst earned his B.A. from Marshall University and a J.D. from West Virginia University. After graduating from law school, Mr. Darst worked as an attorney with the United States Navy's Office of General Counsel and represented the Navy in matters involving the acquisition and administration of service and supply contracts for the Naval Sea Systems Command.
Accreditation
This Program is eligible for:
11.0 (60 minute)
13.2 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
This Program is eligible for:
11.0 (CLP) hours of credit
AMA Conference Center 2345 Crystal Dr Ste 200
Arlington, VA 22202
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Register Now for:
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Register Online
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Location |
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| September 26-27, 2012 |
Arlington, VA |
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By Phone
Call (888) 494-3696
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