This is session 1 of 2 in the Estimating Systems and Defective Pricing virtual course.

This virtual course provides an in-depth look at the FAR and DFARS requirements for implementing and maintaining an adequate estimating system, preparing acceptable forward pricing proposals, and methods and procedures for assessing and minimizing the risk/vulnerability of adverse defective pricing findings from Truth in Negotiations Act violations. 

The primary focus of this virtual course is on implementing and maintaining an adequate estimating system to take a proactive posture to defective pricing prevention.  It is recommended for financial and manufacturing personnel who provide input to or rely on output from the estimating process for proposal preparation, and those individuals who are responsible for conducting internal estimating system compliance reviews.

Learning Objectives
Upon completion of this course, the participant should know:

• The nature, intent, and requirements of the Truth in Negotiations Act (TINA)
• Underlying causes for common defective pricing findings
• The relationship of Truth In Negotiations Act (defective pricing) and estimating
• The nature and intent of estimating system requirements
• The interrelationships between estimating and other systems
• Attributes of an adequate estimating system
• Estimating deficiencies that lead to defective pricing
• The government's approaches to proposal auditing, estimating systems surveys, and postaward (defective pricing) reviews
• Techniques for preparing and supporting estimates
• Profit considerations
• Strategies for avoiding or minimizing the effect of adverse audit findings.