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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.

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.

Learning Objectives
After completing this course, you will be able to:

  • Recognize the contracting officer’s responsibilities in acquisition of products and services at fair and reasonable prices
  • Demonstrate the ability to use tools to determine cost reasonableness 
  • Ability to define cost analysis 
  • Utilize the FAR 15-2 table for Adequate Proposals
  • Ability to read and determine correct labor hour estimates
  • Correctly define certified cost data
  • Correctly use techniques to determine an indirect cost allocation
  • Create best practices reporting on cost analysis

Materials include:

• Course Manual
• Handouts & Slides

September 15-16, 2021
The Flamingo Hotel
Las Vegas, NV
Travel Info
Standard: $1,375.00
Enhanced: $1,770.00
8:00 AM - 3:00 PM
Schedule for La Jolla, CA and Hilton Head, SC Weeklong Conferences
8:00 AM - 3:00 PM
Las Vegas September Weeklong Conference
9:00 AM - 4:00 PM
Schedule for All Other Locations

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
  • Anthony Kim
    Partner, Capital Edge Consulting
    Anthony Kim has more than 20 years of experience in various cost accounting and compliance issues related to government contracts. Specifically, he is knowledgeable in the areas of government contract procurement regulations, Cost Accounting Standards, OMB Uniform Guidance, Generally Accepted Govern...
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.
CPE: Continuing Professional Education
Field of Study: Specialized Knowledge
Delivery Method: Group-Live Classroom
Federal Publications Seminars is affiliated with West Professional Development and 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 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:
For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.
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)
The Flamingo Hotel
3555 Las Vegas Blvd S
Las Vegas, NV, 89109
Hotel & Room Block Info

Hotel Rooms
We have a room block secured at the Flamingo Hotel for Las Vegas Week.  Visit to reserve your room. Group rate is $94 + taxes + daily resort fee of $35/room/night. You must make your reservation by Friday, August 10, 2021. Rooms are subject to availability.

General Information

Food & Beverage
Continental breakfast, lunch and afternoon coffee will be served.

Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.
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  • 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.