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Procurement University - 2024
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On-Demand Session
Commercial Items - Session 3 - Procurement University 2024
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Topics
Accounting, Costs and Pricing
Advanced Topics
Artificial Intelligence
Business Development
Compliance
Construction Contracting
Cybersecurity
FAR
Government Contracting
Grants
Intellectual Property
International Contracting
Personal Development
Small & Medium Businesses
Subcontracting
Dates
November 2024
December 2024
January 2025
March 2025
June 2025
August 2025
September 2025
October 2025
Roles
Director of Contracts
New to Government Contracting
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Sales and Business Development
Contract Administrator
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Subcontract Administrator
Contract Manager
Procurement Officer
CFO
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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
Mike Carter
Director, Capital Edge Consulting
Michael is a Director at Capital Edge Consulting, Inc. and a member of the firm’s CPSR Compliance Practice. He is an expert in the Defense Contract Management Agency (DCMA) Contractor Purchasing System Review (CPSR) process.
Michael’s areas of expertise include contractor business systems compliance, with an emphasis in DCMA CPSR readiness, execution, and compliance. He is also versed in FAR and DFAR regulations, DCMA processes and procedures pertaining to purchasing system reviews and contract administration, Cost Accounting Standards (CAS), Earned Value Management Systems (EVMS), proposal analysis and evaluation, cost modeling and estimating, forward pricing rate recommendations (FPRR) and agreements (FPRA), and he is fluent in Spanish. Michael has experience conducting CPSR-related training to DCMA CPSR Group procurement analysts as well as to dozens of Federal contractors.
As a DCMA CPSR Procurement Analyst, Michael was the “Team lead” for nearly 15 DCMA CPSRs in the last 3 years and served as the procurement analyst in nearly 15 additional reviews during the same time period. Michael was one of the few procurement analysts with experience in reviewing small business concerns and Ability One contractors. His experience covers a complete spectrum of contractors from A&E service providers to foreign manufacturing firms.
During his tenure as a DCMA CPSR Group Procurement Analyst, Michael developed a tool for use by all CPSR Group procurement analysts (for all four CPSR Teams) in performing CPSRs. Also, Michael developed a tool that all DCMA Administrative Contracting Officers (ACO) are currently required to use in their annual surveillance of contractor purchasing systems responsibilities. Michael was personally selected by the DCMA CPSR Director to represent the Phoenix CPSR Team at the National Contract Management Association (NCMA) World Congress (2015).
Prior to his time with the DCMA CPSR Group (Phoenix), he was a DCMA ACO and managed all activities related to Base Life Support on three US Military and US State Department installations in Iraq. Michael was responsible for approving or denying all work requests in accordance with US Government contracts, and managed all aspects of Government Prime Contract Administration with contracts in excess of $3.1 billion. He assisted DCMA Cost/Price Analysts in proposal analysis and evaluation cost modeling and estimating, forward pricing rate recommendations (FPRR) and agreements (FPRA), Cost Accounting Standards (CAS) allocation of allowable and accounting for unallowable costs, and administered contracts for DCMA with the largest aircraft manufacturer in the world.
Michael graduated from Arizona State University, WP Carey School of Business with a Bachelor of Science in Finance and a certificate in International Business Studies. He also earned a Level II Career Field Certification in Contracting from the Defense Acquisition University.
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