Course

Course Summary
Credit Type:
Course
ACE ID:
MACI-0103
Organization's ID:
1270
Organization:
Management Concepts, Inc.
Location:
Classroom-based
Length:
10 days (80 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Accounting, Business Administration, or Contracting
Description

Objective:

The course objective is to help students become better business advisors in developing contract arrangements that are in the best interest of the government. It builds on the fundamental contract pricing principals covered in the Level I contracting curriculum, Contract Pricing Reference Guide and FAR policy. Students will be subjected to quantitative techniques and tools used to quantify and facilitate decision making in determining a fair and reasonable price.

Learning Outcomes:

  • Using sampling data, select the appropriate statistical information to use in facilitating the decision-making process
  • Summarize the development, assumptions, application, and risk of cost estimating relationships (CERS)
  • Using historical data and improvement curve analysis, select the appropriate statistical information to use in facilitating the decision-making process
  • Given a point estimate (ceiling cost, ceiling price), analyze the associated risk
  • Use excel to model a proposal
  • Using historical data and regression analysis, select the appropriate statistical information to use in facilitating the decision-making process
  • Using historical data, determine the impact of variations in quantity
  • Using cost estimating relationship analytical tools, develop a government price objective
  • Identify issues and factors to be considered in developing the government's negotiating objective for an equitable adjustment
  • Identify issues and factors to be considered in pricing a termination settlement
  • Identify the appropriate incentive contract type arrangement to meet the customer's needs and motivate the contractor to perform in the best interest of the government
  • Considering the issues and factors associated with cost realism, including uncompensated overtime, conduct cost realism analysis to determine contractor's most probable actual cost to perform successfully

General Topics:

  • Proposal modeling
  • Using statistics in contract pricing
  • Using regression in contract pricing
  • Using cost estimating relationship in contract pricing
  • Using improvement curve analysis in contract pricing
  • Pricing equitable adjustments
  • Pricing termination settlements
  • Cost risk analysis
  • Incentive contracting
  • Conducting cost realism analysis
  • Performance-based payments
Instruction & Assessment

Instructional Strategies:

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

Methods of Assessment:

  • Case Studies
  • Examinations
  • Performance Rubrics (Checklists)

Minimum Passing Score:

80%
Supplemental Materials