Procurement University

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1 hr, 30 mins

This is session 3 of 9 in the Procurement University webinar series.

FAR Part 12 regulates commercial item acquisition. Selling a commercial item to the Federal Government sounds easy right? Wrong. The Federal Government wants to make sure it is getting a fair and reasonable price and ensure it is a commercially available item. This session will cover what determines an item or service to be commercial and how to effectively support price reasonableness.

Learning Objectives: By the end of the webinar you should be able to:

Identify commercial items and commercially available off-the-shelf (COTS) items;
Determine how to classify an item as commercial and document commercial items with an adequate commercial item determination (CID);
Support price reasonableness with the appropriate method of analysis (price or cost); and
Understand the DCMA Commercial Item Group’s role in the federal acquisition process.

About Our Experts

Stephen "Chase" Kunk

Managing Partner, Capital Edge Consulting

Stephen “Chase” Kunk is a Managing Partner at Capital Edge Consulting. Chase specializes in U.S. Government contract and subcontract negotiations, administration, management and purchasing system compliance. His expertise stems from his legal education, former certification as a National Football League contract advisor to professional athletes, and in-depth experience as a contracts and procurement administration manager for an international contractor serving Department of Defense (DoD), Intelligence Community (IC) and civilian agency customers. Chase’s support to Capital Edge Consulting clients is predominantly in the areas of contract and subcontract administration, purchasing system compliance and Contractor Purchasing System Review (CPSR) readiness and risk mitigation. He also leads all contract and subcontract negotiation and administration for Capital Edge Consulting’s internal business operations.

Stephen holds a B.A in Communications from Purdue University and a J.D. (cum laude) from Western Michigan University, Thomas M. Cooley Law School.

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Schedule Training

Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.