The course objectives are to provide Government contractors an understanding of the government’s philosophy, methods and techniques used to evaluate contractor price proposals.

The course highlights principal regulatory cost and price analysis techniques that contractor procurement departments should mirror in evaluating cost and price within subcontractor and vendor bids. With a focus on FAR Part 15, Contracting by Negotiation, students will gain a thorough understanding of the government’s perspective in evaluating costs and prices presented in bids to the government. They will better understand areas of risk when preparing cost proposals subject to government analysis.

We will also discuss the estimating system criteria included in the DFARS Business Systems rule and present the risks and implications of an inadequate estimating system. We will discuss audit policies and interpretations associated with DCAA reviews of cost proposals, including those which pertain to prime contractor evaluations of subcontractor cost or pricing data.