Session 1 of 2, Virtual Course, taught in a straight forward manner from the perspective of the Buyer, Cost and Price Analysis in Government Contracting presents a thorough discussion of these concepts in practical and actionable terms. Participants will learn not only the “why’s” but the “how to’s”. The course objective, simply stated, is to have participants obtain a working level understanding of what the dual techniques of Cost Analysis and Price Analysis are, when they are to be used, and how to accomplish them. This objective is achieved through a thorough review and analysis of the regulations and illustrated through a variety of real world examples, scenarios and case studies.

Cost Analysis and Price Analysis – two critical and essential tools used in assessing fairness and reasonableness of proposed prices – must be understood by buyers and sellers in all government contracting situations - government contracting officers, and contractors alike:

1. FAR 15.402 - Pricing Policy
2. FAR 15.404-1(a) – Proposal Analysis Techniques
3. FAR 15.305 – Proposal Evaluation
4. FAR 44 – Subcontracting Policies and Procedures
5. FAR Table 15-2 – Instructions for Submitting Cost/Price Proposals When Cost or Pricing Data Are Required particularly when the contractor fills both the seller’s and buyer’s shoes in performing on a government contract.

Learning Objectives: 

• Recognize the contracting officer’s responsibilities in acquisition of products and services at fair and reasonable prices
• Demonstrate the ability to use tools to determine reasonableness 
• Ability to define cost analysis and price analysis
• Correctly define certified price or cost data
• Determine and establish adequate price competition
• Correctly use analytical techniques in determination of cost and price data
• Cite the correct FAR and DFAR related clauses
• Basic understanding of cost principles and CAS
• Define and examine defective pricing challenges

This live virtual course is eligible for both CLE and CPE credit.
NOTE: CPE/CLE credit for attendees are subject to participation and approval by the governing boards. NASBA CPE ACCREDITATION INFORMATION
Learning Level: Beginner
Prerequisites: None
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

West Professional Development is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.