cost and pricing | The Contracting Education Academy

February 13, 2013 By AMK

Academy launches contract cost-price analysis course in May

Starting in May 2013, The Contracting Education Academy at Georgia Tech will offer a new course focusing on the Fundamentals of Cost & Price Analysis in government contracting.

This comprehensive, two-week course begins with an in-depth review of the market research process, and provides instruction to help students understand and analyze contractor pricing strategies.

Attendees will learn to accomplish cost-volume-profit analysis, calculate contribution margin estimates, and develop cost estimating relationships in order to accomplish an effective price analysis pursuant to FAR Subpart 15.4.

After learning the basic elements of price and cost analysis, students will build and defend a pre-negotiation objective, including a minimum and maximum pricing objective with a weighted guidelines assessment. After successfully defending their pricing objectives, the students will practice face-to-face negotiations.

This course is targeted toward new hires to the contracting career field. For government contractors, this course also provides valuable insights into the government contracting decision-making process.

Student performance will be assessed by graded exams on math fundamentals and applied course material as well as an exercise for student participation and completion of negotiations.

CON 170 – Fundamentals of Cost & Price Analyis is Defense Acquisition University-equivalent training that satisfies the FAC-C and DAWIA certification programs.

For more information or to register, please visit: http://www.pe.gatech.edu/courses/con-170-fundamentals-cost-and-price-analysis

January 3, 2013 By AMK

8 key acquisition provisions in 2013 defense bill

The fiscal 2013 National Defense Authorization Act, a major piece of legislation affecting many aspects of how the government deals with costs and contracts, contains some noteworthy provisions. Here are the eight most important provisions;

1. Better pricing data.

2. Easier analysis of pricing trends.

3. Faster access to past-performance data.

4. A review of the contractor pay cap.

5. Workforce decisions left to DOD.

6. A limit on cost-type contracts.

7. Critical acquisition jobs reserved for feds.

8. Status quo for small-business contracting goal.

To read details, please see: http://fcw.com/articles/2012/12/19/ndaa-acquisition.aspx.

June 29, 2012 By AMK

Procurement chief’s priorities are buying smarter, effective vendor relationships, and acquisition workforce development

Some agencies have so little understanding of what their “sister agencies pay for commodities, it’s shocking,” said Joe Jordan, newly installed administrator of the White House Office of Federal Procurement Policy. The “paucity of pricing data” in one case involving bulk purchases of BlackBerry mobile devices meant a price variance of 100 percent, he said.

Jordan offered an overview of his office’s agenda at a Thursday breakfast for the contracting community put on by the Professional Services Council.

His three top priorities are buying smarter, creating effective relationships with government suppliers and developing the acquisition workforce.

Keep reading this article at: http://www.govexec.com/contracting/2012/06/procurement-chief-seeks-sharing-contract-pricing-data-star-recruits/56512/?oref=dropdown.

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