A negotiated contract (or procurement) allows the government to select a contractor based on criteria other than solely a formal price competition. The FAR provides guidance for conducting these types of procurements and the contract types that can be used by both the federal government and its contractors (e.g. fixed price, incentive, or cost-reimbursement). In this session, learn how these types of contracts can be both a challenge and an opportunity for contractors and about the extra steps necessary to justify the proposed price. Learning Objectives: By the end of the webinar you should be able to:  Differentiate between cost and price analysis and understand the appropriate times to apply each method;  Define cost or pricing data, certified cost or pricing data, and data other than cost or pricing data;  Understand defective pricing and how to prevent it; and  Utilize the six-step process to develop a compliance process that fits the needs of your firm.

Join Federal Publications Seminars and Capital Edge Consulting for our ninth year of Procurement University--a comprehensive 9-part series of online classes covering the critical elements of accounting and pricing of Federal Government contracts.

A Forward Pricing Rate Proposal (FPRP) is one of the main outputs of a contractor's annual budgeting and planning cycle, and thus receives a lot of audit attention. Even though this attention occurs regularly during the year in connection with contract pricing proposals, DCAA re-scrutinizes FPRPs as part of an overall estimating system audit. Join our experts for this one-hour webinar - part of a larger webinar series focused on government audits - to discuss common forward pricing rate audit challenges and findings, strategic risk mitigation options, and tactical tips and tricks to ensure a successful audit. Learning Objectives:  The purpose and intent of forward pricing rates, and the focus of government audits  Who performs these audits, with a primary focus on the Defense Contract Audit Agency  Recent areas of attention and common challenges contractors face during FPRP and proposal audits  How estimating business system audits intersect with and are impacted from FPRP audits  Strategies for managing and addressing audit requests  Key estimating process risk areas and how to mitigate them

This webinar series explores DCAA audits both prior to contract award, as well as during and after contract performance. Presented from the point of view of a government contractor, our goal is to help you understand DCAA's audit objectives, techniques, and areas of audit emphasis

Contracts and Accounting often operate independently within contract management, leading to inefficiencies and labor-intensive data gathering for project reporting, Incurred Cost Submission preparation, and contract closeouts. In this session, we will identify common inefficiencies and discuss streamlined processes to provide accurate data without manual intervention. We will explore:  The impact of FAR clauses on both Contracts and Accounting  The use and maintenance of contract briefs to keep data current  The effect of new revenue recognition requirements on project reporting  The benefits of using contract budgets for the entire company  The necessary data for preparing accurate Incurred Cost Submissions and ensuring thorough contract closeouts Through examples of inefficiencies and manual processes, we'll provide recommendations for improvements. We encourage attendees to share their experiences with gaps in their current processes and discuss strategies they have implemented to improve efficiency. This interactive session aims to foster a collaborative environment where you can learn from industry peers and experts.

This session provides guidance on what to expect before, during, and after a DCAA Incurred Cost Proposal (ICP) audit. Along with covering the typical ICP audit process, we explore the normal areas of focus for DCAA, expected DCAA data requests and their purpose, typical DCAA findings and potential responses to those findings, as well as some best practices to avoid common pitfalls during the audit process. Learning Objectives:  Brief overview of the ICP and its purpose  DCAA selection criteria for ICP audits  Understanding the difference between an adequacy review vs. a full audit  Common DCAA data requests to expect and the rationale behind them  Common DCAA findings  Tips on how to defend against findings, particularly questioned costs  Most common challenges contractors face during an ICP audit and tips on how to overcome them

The session provides guidance on how to navigate a DCAA accounting system audit. The webinar takes a lifecycle approach. It begins with understanding the different accounting system and associated audit requirements, to supporting the audit process, through audit reporting and corrective action. This course emphasizes the practical realities of an accounting system audit by offering tips and tricks to get out in front of audit findings, managing auditor/auditee relationships, avoiding common pitfalls, and facilitating timely corrective action if adverse audit findings surface. Learning Objectives:  High-level overview of the accounting system requirements  Understanding and differentiation of accounting system audit types and associated approaches  Developing strong working relationships with DCAA  Common DCAA data requests to expect and the rationale behind them  Sensitive areas and common contractor pitfalls during accounting system audits  Tips and tricks to get in front of potential audit findings and facilitate timely corrective action

The session provides an overview of the cost impact process, with a specific focus on the parties involved in the review and audit, along with expectations from DCAA. We will discuss the factors that contribute to a cost accounting practice change and the requirements to submit a Cost Impact, including identifying the change, determining the impact population, calculating the impact and driving toward resolution. We will touch on many of the key deliverable expectations included in DCAA's Cost Impact Adequacy Tool and likely areas of emphasis during the audit. Learning Objectives:  Overview of the Cost Impact process, including parties involved  Characteristics of a Cost Accounting Practice Change  Understanding the difference between a General Dollar Magnitude and a Detailed Cost Impact  Common risk factors to think about that may be raised during a Cost Impact proposal audit  Overview of DCAA's Cost Impact Adequacy Tool