FAR 15 Cost Proposals, Cost Analysis, and Negotiations

Understand the federal government’s contracting process in a sole source environmentBuild an adequate proposal and cost volumeUnderstand the cost analysis techniques the federal government will use to evaluate a proposalIdentify the role of a Buying Command in the contracting processUnderstand the role the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA) in the acquisition processUnderstand how the federal government calculates profit and fee ratesUnderstand the process of negotiating with the federal governmentCourse TitleThe title of this course is Introduction to FAR 15 Cost Proposals, Analysis Negotiation: Understanding the Government’s Contracting ProcessFAR is an abbreviation that stands for Federal Acquisition Regulation. The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds. The Department of Defense (DoD), GSA, and the National Aeronautics and Space Administration (NASA) jointly issue the FAR.ScopeThis course walks through the entire process of the federal government (USG): from receipt of the contractor’s (KTR) certified cost or pricing data, to cost analysis of said data, all the way through completion of negotiations. PerspectiveThis course is presented from the perspective of a Cost/Price Analyst working at a Buying Command within the Department of Defense (DoD), sometimes informally referred to as a “Contract Shop”, although much of the information is applicable to other federal agencies.GoalThe goal of this training is to help private companies gain an understanding of the government’s requirements and expectations on cost data, cost analysis, cost-based negotiations, and how to meet them. BenefitsThe benefits of having your workforce complete this training include smoother negotiations, faster contract awards, improved relations with your customer, and an increased likelihood of passing DCAA audits.SuggestedThis course is recommended for the following job categories: Contract Administrators Managers, Buyers Purchasers, Price Analysts, Cost Estimators, Program Managers, Financial Analysts, Comptrollers, Subcontract Administrators, and Plant Mangers.Who this course is for:Beginners in federal government contractingPrime contractorsSubcontractors