Fundamentals of Cost and Price Analysis (CON 170) is a resident Defense Acquisition Workforce Improvement Act (DAWIA) Level I contracting course for newly hired GS-1102 contracting personnel. This course provides foundational knowledge of contract cost and price analysis. Specifically, the course provides training in applying quantitative tools to accomplish cost and price analysis in accordance with Federal Acquisition Regulations, Defense Federal Acquisition Regulation Supplement (DFARS), the DFARS Procedures, Guidance and Information (PGI), and the Contract Pricing Reference Guide (CPRG).
The course begins with an in-depth review of the Market Research
process, and provides instruction to help students understand
and analyze contractor pricing strategies. Students 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. The course provides an overview regarding
the regulations and processes regarding the use of cost analysis,
and for requiring certified cost and pricing data. Finally,
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. Students are also provided in-depth instruction
on contract financing techniques, including the development
and administration of progress payments based on cost and performance
based payments. Students will become proficient with the use
of the PBP Analysis Tool.
Course Length: 20 Class Days
CLPs: 160 hours
New hires to the Contracting Career Field (Civilian OCC Series 1102).