FAR 15 Cost Proposals, Cost Analysis, and Negotiations

Understanding FAR 15 Cost Proposals is crucial for success in federal contracting. This course provides a comprehensive introduction to the Federal Acquisition Regulation (FAR), the foundational rulebook governing how the U.S. government acquires goods and services. Issued jointly by the DoD, GSA, and NASA, the FAR dictates the entire contracting process.

What You'll Learn:

• The FAR Process: Navigate the entire federal government (USG) contracting lifecycle, starting from receiving your certified cost or pricing data (CPD).
• Cost Analysis Techniques: Gain expertise in analyzing cost data to ensure accuracy and compliance.
• Negotiation Strategies: Master effective cost-based negotiation techniques to achieve favorable contract terms.

Perspective: Inside the DoD "Contract Shop"

This training offers a practical perspective from a Cost/Price Analyst working within a Department of Defense (DoD) Buying Command – often referred to informally as a "Contract Shop." While focused on the DoD, the principles are broadly applicable to other federal agencies.

Course Goals:

This training empowers private companies to meet government requirements and expectations regarding:

• Cost Data Submission
• Cost Analysis Requirements
• Cost-Based Negotiation Procedures

Benefits for Your Team:

• Smoother Contract Negotiations: Build stronger, more efficient negotiations.
• Faster Contract Awards: Expedite the contracting process.
• Improved Customer Relations: Foster positive relationships with government clients.
• Increased DCAA Audit Success: Reduce the risk of unfavorable outcomes during Defense Contract Audit Agency (DCAA) audits.

Who Should Take This Course?

This course is highly recommended for professionals in the following roles:

• Contract Administrators & Managers: Ensure compliance and effective contract management.
• Buyers & Purchasers: Make informed purchasing decisions.
• Price Analysts: Develop accurate and competitive pricing strategies.
• Cost Estimators: Create reliable cost estimates.
• Program Managers: Understand cost implications for program success.
• Financial Analysts: Analyze financial data related to government contracts.
• Comptrollers: Manage government contract finances.
• Subcontract Administrators: Oversee subcontracting activities.
• Plant Managers: Understand cost structures and operational efficiency.