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3 hours
This is session 2 of 4 in the Forward Pricing Rate Agreements virtual course.

1:00-2:30 pm    CLAUSES, RESPONSIBILITIES, PRINCIPLES AND STANDARDS

4.    Contract Clauses

5.    Responsibilities and Initiatives

a.    Contractor
b.    Contracting Officer (CO/KO)
c.    Administrative Contracting Officer (ACO)
d.    Price Negotiation Memorandum (PNM)

6.    Role of the FAR Cost Principles and CAS
a.    Cost Allowability
b.    Cost Allocation

2:30-2:45 pm    BREAK

2:45-4:00 pm    TRUTHFUL COST AND PRICING DATA (TCPD FKA TINA)

7.    Role and Requirements of the TINA, Requirements of Public Law 87-653, and Implementing Regulations
a.    Applicability
b.    Certified Cost or Pricing Data
c.    Exemptions and Exceptions
d.    Contractor Submission of Data
e.    Defining Cost or Pricing Data
f.    Data Submission Requirements
g.    Certifications
h.    Subcontractor Data
i.    Government Audit Rights
i.    Post Award Audit/Defective Pricing
ii.    “Price Reduction” Clause


 NOTE: On-Demand Virtual Course sessions are not eligible for CLE/CPE credits.
About Our Experts
  • Robert Craig
    Director, Sikich
    Bob’s clients benefit from his thirty-plus years of experience working with government contractors leading Accounting, IT, and Contract Management departments. All the situations he navigated and problems he solved have uniquely qualified him to help his clients solve technical accounting and regulatory reporting issues.

    Bob is a leader in the Consulting practice at Saggar & Rosenberg and focuses on helping clients with government contracting regulatory topics and issues. Bob’s clients appreciate his practical approach when analyzing problems and proposing solutions. His clients rely on him to articulate complex topics in a simple and straightforward manner.

    Bob’s clients include small, medium, and large businesses contracting with the U.S. Federal Government in a wide range of industries including aerospace and defense, pharmaceutical and biotech sectors, manufacturing, and professional services. He has also worked with numerous departments within the Federal government, including the Department of Defense (DOD), Department of Health and Human Services (DHHS) with the Biomedical Advanced Research and Development Authority (BARDA), Defense Threat Reduction Agency (DTRA) and many others.

    Bob regularly teaches classes about Federal Acquisition Regulations, Cost Accounting Standards, and current industry trends such as cost estimating and indirect rate structures. He is known for adding levity and humor to complicated rules and regulations.

    You’ll likely find Bob on a golf course outside the office. He also enjoys time with his wife and three dogs, Woodford, Tinka, and Leo. His two bucket list trips include fly fishing in Jackson Hole, Wyoming, and exploring Machu Picchu & the Sacred Valley of the Inca in Peru.
    Bob holds a bachelor’s degree in accounting and a master’s degree in finance from La Salle University. He is a Certified Fraud Examiner (CFE) and has been involved in various professional organization, including the American Bar Association, Federal Publications Seminars, National Contract Management Association, Professional Services Council, Association of Government Accountants, National Defense Industry Association, and the Maryland Tech Council.
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Leadership
Character
Collaboration
Competence
Emotional Intelligence
Vision
Management
Business Management
Change Management
Financial Management
Project Management
Risk Management
Supply Chain Management
Guiding Principles
Communication and Documentation
Contract Principles
Regulatory Compliance
Situational Assessment
Skills and Roles
Standards of Conduct
Team Dynamics
Pre-Award
Plan Sales
Plan Solicitation
Prepare Offer
Request Offers
Award
Manage Disagreements
Plan Negotiations
Price or Cost Analysis
Select Source
Post-Award
Administer Contract
Close Out Contract
Ensure Quality
Manage Changes
Manage Subcontracts
Learn
Continuous Learning
Individual Competence
Organizational Capability