In this session, we will introduce the students to the federal marketplace, the acquisition process, and the regulatory environment that surrounds it all. We will examine the various procurement vehicles that contractors utilize to fulfill their obligations to the US Government. We will also guide students through contract pricing and cost allowability to protect the interests of both the contractor and the federal government as well as help the contractor recuperate the costs associated with each contract. Learning Objectives: By the end of the webinar you should be able to:  Have a basic understanding of the federal acquisition process;  Understand the regulatory environment that surrounds the federal marketplace;  Identify the various procurement methods and contract types;  Determine the allowability of contract costs; and  Recognize the principles of contract pricing and the techniques of determining a fair and reasonable price.

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.

Contract closeout continues to be a challenge for DCMA and industry even after DCAA has become current with indirect rate audits. The number of contracts subject to closeout is significant as multiple rate years have been audited and negotiated. An extensive number of contracts can be associated with each rate year, many of which have been physically complete for years and are now required to be closed out. DCMA is primarily responsible for administering and closing out a significant portion of these contracts. At the same time, industry is facing big challenges with old data and a surge in demand for capable resources to prepare the contract closeout documentation. This webinar will look at how DCMA and industry can coordinate to address the contract closeout challenge. Learning Objectives:  The importance of contract closeout  A look at the current environment and the extent of contracts awaiting closeout  DCMA's role in contract closeout  A high-level overview of the contract closeout process and differences between contract type  Challenges industry is encountering  Current DCMA initiatives and guidance  Successful strategies and coordination between DCMA and industry

This webinar series explores how contractors can work with the Defense Contract Management Agency (DCMA) on several current and imminent significant practice areas consisting of contractor purchasing system reviews, government property reviews, and contract closeout.

Contracting Officers within the DoD are required to determine the acceptability of a contractor's business system, including approving or disapprove the system. Notably, this includes evaluating Property Management systems. This session provides guidance on how to navigate a DCMA Government Property System Review. While not all DoD property system reviews are conducted by DCMA, this audit team conducts thousands of audits per year across the contracting community. This webinar takes a practical view of FAR and DFARS requirements and DCMA's expectations for an approved property system. Instructors will work through the government property lifecycle from acquisition through disposition, recommending tips and tricks along the way, while addressing challenges before, during and after the audit. Learning Objectives:  High level review of FAR and DFARS property requirements  Government property lifecycle focus areas for contractors and auditors  Getting to system approval: common policy & procedure documentation expectations  Common DCMA data requests to expect and the rationale behind them  Sensitive areas and common contractor pitfalls, including ways to get in front of potential findings and facilitate timely corrective action

The session provides guidance on how to navigate a DCMA Contractor Purchasing System Review (CPSR). The webinar takes participants through the myriad of compliance requirements and DCMA's expectations for an adequate purchasing system. This course emphasizes the practical realities of successfully navigating a CPSR by offering tips and tricks to get out in front of review findings, managing relationships with your DCMA review team, avoiding common pitfalls, and facilitating timely corrective action if adverse findings surface. Learning Objectives:  High-level overview of purchasing system requirements  Common policy & procedure and documentation expectations  Common DCMA data requests to expect and the rationale behind them  Sensitive areas and common contractor pitfalls during CPSR  Tips and tricks to get in front of potential findings and facilitate timely corrective action

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.

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.