Experience the same collaboration, instructor interaction and learning benefits as if you were physically in the classroom. Please register at least 2 weeks before the course to ensure that course materials can be shipped to you in time for the start of class.
An accelerated, comprehensive two day course on the practical, legal, accounting, and management systems implications in the use of various contract types.
The United States Government has a great deal of flexibility to acquire services, supplies, and construction by using a variety of contract types. Each contract type allocates differing degrees of risks assumed by both the contractor and Government for costs and performance of the work, as well as the financial or other incentives that a contractor is able to achieve through successful performance of the work. The Federal Acquisition Regulation (“FAR”) itself states that the objective of any negotiation of contract type is to select a contact vehicle and price/estimated cost and fee that will result in a reasonable contractor risk and provide the contractor with the greatest incentive for efficient and economical performance.
This course is designed for both new and experienced contract professionals. For new Government officials and contractor employees, it explains the different contract types under FAR Part 16 and their uses. For experienced personnel, 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 financial and other risks inherent in contracting and the role of risk management in fixed-price, cost-reimbursement contracting, and incentive-type contracts, cost principles, as well as other cost accounting and revenue recognition issues faced by contractors under different types of contract vehicles. 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 just explain the differences between the types of contracts permitted by FAR Part 16. 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.
Some Things to Know About Our Virtual Classes Platform We use a technology platform called Conference Client, which is 2-way video and audio streaming. Important: Technology Requirements You must have the following:
In addition, for the most successful experience we strongly recommend:
Course Materials Course materials for our virtual classes are exactly the same as the materials you'd receive if you attended the class in person. Be sure to register for the virtual class at least 2 weeks prior to the start of the class to ensure that you'll get your materials in time. Accreditation This virtual instructor-led course is currently not accredited for CLE, CPE or CLP. Pricing Virtual courses are designed to be taken virtually by one individual. If you have a group, please contact us at 888.494.3696 to discuss group or multi- user options.
