Federal Acquisition and Contracting

  • Training FAC-C Certification Trianing
  • Contracting Electives
    - See Catalog
    Professional Development Electives
    - See Catalog
    Intermediate Cost and Price Analysis (CON 270)

    Course Description

    Intermediate Cost and Price Analysis continues to build upon the fundamental contract pricing principles covered in the Level I Contracting curriculum, Contract Pricing Reference Guide, and DOD Policy. The course is divided into three segments addressing contract pricing issues from a Pre-Award, Negotiation Preparation-Award, and Post-Award perspective. In the course, the students will be introduced to quantitative techniques and tools used to quantify and facilitate decision making in determining a fair and reasonable price. Students will apply various cost analysis techniques and quantitative tools to analyze a contractor's cost proposal and to develop a government negotiation range and objective. The course is designed to prepare students for follow on DAWIA Level II certification courses, serve as a gateway into more advanced targeted contract pricing courses, and give the students some practical tools in pricing government contracts. The ultimate objective of the course is to help students become better business advisors in developing contract arrangements that are in the best interest of the government.

    Course Length: 10 Class Days
    CLPs: 80 hours
    Cost: Call
    COURSE OBJECTIVES
    Students who successfully complete this AMCI equivalent course will be able to:
    • Given a contractor's proposal information, develop an Excel spreadsheet to model a proposal
    • Given market research and proposed information from offeror(s), using sampling data, select the appropriate statistical information to use in facilitating the decision-making process.
    • Assuming an advisory role in evaluating acquisition proposals, successfully summarize the development, assumptions, application and risk of Cost Estimating Relationships (CERs).
    • Given market research and proposed information from offeror(s), using historical data and regression analysis, select the appropriate statistical information to use in facilitating the decision making-process.
    • Given market research and proposed information from offeror(s), using historical data and estimating factors, select the appropriate statistical information to use in facilitating the decision making-process.
    • Given market research and proposed information from offeror(s), using historical data and improvement curve analysis, select the appropriate statistical information to use in facilitating the decision-making process.
    • Given market research and proposed information from offeror(s), using historical data determine the impact of Variations in Quantity
    • Given a Point Estimate (contract cost, ceiling price) analyze associated cost risk.
    • Give an acquisition requirement, identify the appropriate incentive contract type arrangement to meet the customer's needs and that will motivate the contractor to perform in the best interest of the government.
    • Given a contract type in a competitive environment, explain the issues and factors to be considered when performing a cost realism analysis.
    • Given a proposed contract change identify issues and factors to be considered in developing the government's negotiation objective for a contract equitable adjustment
    • Given a contract termination, identify issues and factors to be considered in pricing a termination settlement.

    Target Audience

    Contracting series GS1102 and military equivalents with authority to award or administer contracts above the Simplified Acquisition Threshold

      Prerequisites:
      CON 170, Fundamentals of Cost and Price Analysis; CLC 056, Analyzing Contract Costs Introduction to Contract Pricing. CLC 024, Basic Math Tutorial and a basic proficiency in Excel are recommended.
      Pre-course Assignments:
      Excel, and applications incorporating Excel functions, will be used extensively in CON270. As a self-assessment of your Excel skills, you will be asked to open the Proposal Modeling Practice document and create a spreadsheet with the problem solution. Afterwards, you will be asked to compare your spreadsheet to the Excel file that demonstrates one approach to the problem.
      If you are new to Excel, or if you are unfamiliar with the formatting, cell references, and formulas used in the enclosed solution, then you will be asked to select the following hyperlink to access a Microsoft Excel tutorial on creating workbooks. There is an additional link within the tutorial to access separate training on cell references and formulas. There will be graded assessments in the course requiring the use of Excel.
      http://office.microsoft.com/en-us/excel-help/get-to-know-excel-2007-create-your- first-workbook-RZ010076674.aspx
      The exercise (Pre-Course Proposal Modeling Practice.docx) will hopefully encourage you to develop at least a basic level of Excel familiarity and thereby reduce some of the burden on instructors having to remediate students in the classroom.
      Details will be provided 30 days prior to the class start date.

     

    Contact Laida Seiler at lseiler@amciweb.com for more information or to schedule this or any of AMCI's other Professional Acquisition and Contracting Training Series courses.

    Please Note: AMCI does not offer generic open-enrollment courses. We specialize in tailoring on-site training for each Federal agency or private-sector firm.

    Please contact Laida Seiler at lseiler@amciweb.com to order any classroom course for delivery in your location.