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3 hours
This is session 2 of 4 in the Cost Reimbursement Contracting virtual course.

In this newly revised format, we’ll spend two days covering the lifecycle of cost reimbursable contracts and the corresponding regulations and guidance. We’ll review each stage in detail including: Purposes and uses of cost-reimbursement contract vehicles, acquisition and proposal nuances, contract performance topics, contract close out steps, and other applicable contract administration matters. This course will also provide information on indirect rate and government audit considerations throughout the contract lifecycle. We round the course out with dispute and audit remedy options under cost reimbursable contracts, bringing real-world examples into view throughout.

What you will learn:
  • Where to locate the principles in the FAR, DFAR and CAS of Cost Reimbursement
  • The standards of a cost reimbursement contract 
  • Determine how cost reimbursement proposals are evaluated 
  • Identify evaluation criteria and factors
  • The impact of direct labor, direct/indirect costs
  • Best practices in documenting results
  • Develop strategies for resolution and settlements (if applicable)

 NOTE: On-Demand Virtual Course sessions are not eligible for CLE/CPE credits.
About Our Experts
  • Courtney Black
    Principal, Ernst & Young LLP
    Courtney Black is Principal in the Ernst & Young LLP Government Contract Services practice in the Dallas, TX office. Courtney has over 18 years of experience in government contracting with EY, advising clients on considerations spanning the government contracting lifecycle. She specializes in assisting clients in conducting business with the federal government, including determining compliance with Federal Acquisition Regulation (FAR), Cost Accounting Standards, Office of Management and Budget (OMB) Circulars, and contract-specific requirements. She also assists clients with developing cost accounting structures to optimize cost recovery, calculating indirect rates, preparing CASB disclosure statements, preparing incurred cost submissions, and documenting systems manuals along with policies and procedures. She provides technical advice to clients contracting with the General Services Administration (GSA), Department of Defense (DOD), Department of Energy (DOE), Department of Veterans Affairs (VA) and other agencies in the areas of proposal and equitable adjustment preparation, cost allocations and cost reporting. Courtney works across multiple industries including aerospace and defense, professional services, utilities, engineering and construction, healthcare and technology.
    Courtney earned a B.S. in Entrepreneurial Mangement and Finance from Texas Christian University
    She is a Certified Management Accountant (CMA) and a Certified Internal Auditor (CIA)
    Professional affiliations include: The American Bar Association, Institute of Management Accountants (IMA), Internal Audit Association (IAA), Association of Certified Fraud Examiners (ACFE) and The National Contract Management Association (NCMA)
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