Course

Course Summary
Credit Type:
Course
ACE ID:
MACI-0100
Organization's ID:
1170
Organization:
Management Concepts, Inc.
Location:
Classroom-based
Length:
10 days (80 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Government Contract Accounting, Government Contracts, or Public Administration
Description

Objective:

The course objective is to provide foundational knowledge of contract cost and price analysis and an opportunity for students to apply qualitative tools to accomplish cost and price analysis in accordance with the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), the DFARS Procedures, Guidance, and Information (PGI), and the Contract Pricing Reference Guide (CPRG).

Learning Outcomes:

  • Describe the truthful cost or pricing data statute, including its purpose in mitigating government cost risk
  • Describe the Truthful Cost and Pricing Data Statute (TCPD), including its purpose in mitigating government cost risk
  • Given a contracting requirement and market research tools, recognize the essential elements of a market research report
  • Demonstrate ability to execute fundamental quantitative pricing skills
  • Given acquisition situations, determine an appropriate contracting strategy, including the contract type and other incentives
  • Given a contracting scenario, apply the appropriate price analysis technique
  • As a Procuring Contract Officer (PCO) responsible to determine a proposed price to be fair and reasonable, successfully summarize the roles and responsibilities of organizations involved in proposal analysis
  • Demonstrate ability to calculate facilities capital cost of money (FCCOM)
  • Demonstrate ability to complete a settlement action relating to defective pricing
  • Identify the policies and procedures for applying the cost accounting standards board (CASB) rules and regulations to negotiated contracts and subcontracts
  • Identify the contract cost principles and procedures
  • Given a contracting scenario, differentiate among financing arrangements, their order of preference, and the situations for use
  • Accurately differentiate between price, cost, and cost realism analyses
  • Pursuant to FAR 15.4, accurately differentiate the price analysis techniques
  • Given a contracting scenario, accurately assess price-related factors
  • Pursuant to FAR 15.4, accurately perform proposal analysis and prepare to present your findings to the SSA for contract clearance
  • Given an acquisition situation, successfully differentiate between direct and indirect costs
  • Assuming an advisory role in evaluating acquisition proposals, successfully summarize the evaluation of direct material and subcontract costs
  • Assuming an advisory role in evaluating acquisition proposals, successfully summarize the evaluation of indirect costs
  • Given a proposal evaluation scenario, demonstrate ability to employ the weighted guidelines (WGL) for calculating negotiation profit objectives

General Topics:

  • Contracting with the government
  • Truthful cost or pricing data statute
  • Cost accounting standards
  • Contract cost principles and procedures
  • Market research
  • Fundamental quantitative problems
  • Using price indexing
  • Analyzing shape, center, spread, trend characteristics
  • Net present value
  • Cost estimating relationships
  • Cost-volume analysis
  • Cost-volume profit analysis
  • Contract types, incentives, and risks
  • Contract financing
  • Performance-based payment demonstration
  • Differences between cost and price analysis
  • Price analysis techniques
  • Price-related factors
  • Scenarios for price analysis
  • Capstone exercise
  • Cost analysis process, players, and initiatives
  • Direct and indirect costs
  • Direct costs
  • Indirect rates
  • Facilities capital cost of money
  • Profit (weighted guidelines)
  • Certification, sweeps, defective pricing, and final pricing
  • Pricing conclusion
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Discussion
  • Learner Presentations
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Performance Rubrics (Checklists)

Minimum Passing Score:

80%
Supplemental Materials