Government Contract Accounting and Pricing Foundation - Session 1

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1 hr, 30 mins

This is session 1 of 9 in the Procurement University webinar series.

In this session, we will introduce the students to the federal marketplace, the acquisition process, and the regulatory environment that surrounds it all. We will examine the various procurement vehicles that contractors utilize to fulfill their obligations to the US Government. We will also guide students through contract pricing and cost allowability to protect the interests of both the contractor and the federal government as well as help the contractor recuperate the costs associated with each contract.

Learning Objectives: By the end of the webinar you should be able to:

Have a basic understanding of the federal acquisition process;
Understand the regulatory environment that surrounds the federal marketplace;
Identify the various procurement methods and contract types;
Determine the allowability of contract costs; and
Recognize the principles of contract pricing and the techniques of determining a fair and reasonable price.

About Our Experts

Paul Bailey

Partner, Capital Edge Consulting

Paul Bailey is a Partner for Capital Edge Consulting. Mr. Bailey has broad experience with federal procurement rules and regulation through combined industry and public accounting experience at PricewaterhouseCoopers and KPMG. Over the course of his 30-year career, Paul has provided expert advice and testimony for government contractors and their counsel, government agencies including Inspector General and the Department of Justice on the administration of contracts and resolution of complex government accounting and compliance disputes. While in public accounting, Paul was responsible for the Department of Energy’s outsourced contractor audits to KPMG, including Incurred Cost and Price Proposals, CAS compliance and Business System adequacy. Paul has conducted audits for and on behalf of the Federal Bureau of Prisons, Department of Justice and Department of Energy, Office of Inspector General.

Paul joined Capital Edge Consulting from Harris Corporation in Melbourne, Florida where he was Vice President of Government Accounting and Compliance. In the accounting and compliance role, Paul was responsible for the oversight and approvals of the Business Systems to satisfy DCAA/DCMA surveillance and adequacy determinations. Paul orchestrated and directed an External Restructuring of CAS segments to align cost allocations and synergies following a major acquisition. Paul has been an industry leader in settlement of indirect rates based on past company experience foregoing the DCAA Incurred Cost Audit process. In addition to extensive accounting and compliance experience, he has held Vice President roles leading Contracts, Subcontract Administration, and Procurement functions.

Mr. Bailey earned his B.B.A. – Finance degree from Walsh College of Accountancy and Business Administration. He is a Certified Public Accountant licensed in Ohio and Virginia.

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Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.