Summer Session 1 classes begin May 15 , 2017** Apply Today!**

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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 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.

$1,600 per student

*Note: Minimum of 15 students per class*

- CLC 056, Analyzing Contract Costs (Required)
- CON 170, Fundamentals of Cost and Price Analysis (Required)
- CLC 024,Basic Math Tutorial (Recommended)
- Basic proficiency in Excel (Recommended)

- Explain the rationale for modeling a contractor's cost proposal.
- Define the required cost elements in FAR Table 15-2 and explain the relationships between them.
- Given a proposal scenario and using escalation principles, calculate elements of a contractor’s proposal.
- Organize a contractor's cost proposal in Excel.

- Determine the Measure of Central Tendency
- Determine the Measure of Dispersion
- Determine the Skewness and Kurtosis of the sample data set
Recognize appropriate statistical information useful in developing the government’s pricing position Formulate the appropriate statistical information using Excel data analysis package

- Identify the kinds/types of CERs (cost/cost, cost/non-cost).
- Identify the uses of CERs in both cost and price analysis.
- As described in the Contract Pricing Reference Guide, summarize the six steps in the development of a CER.

- Given data, describe the linear regression process.
- Develop a simple regression equation for the correct purpose.
- Analyze variation in the Regression Model (ANOVA).
- Determine how well the Regression equation fits the data.
- Given the output of a regression analysis, recognize the elements of a prediction interval.
- Predict the dependent variable using Regression Analysis.
- Formulate the appropriate Regression information using Excel data analysis package.

- Identify the functional form relationship behind factors (linear relationship with little or no intercept).
- Identify reasonable relevant ranges using a factor.
- Given a cost or price analysis scenario, demonstrate the application of a factor analysis.

- Explain the conditions under which Improvement Curve Analysis is used.
- Using available data interpret the output derived from the Improvement curve etool.
- Formulate a Pre-Negotiation position using Improvement Curve analysis techniques.

- Given a change in quantity, describe the effect on cost/price.

- Calculate a profit objective in accordance with DFARS 215.404-4 and the DD Form 1547, Record of Weighted Guidelines Application.

- Describe characteristics of the three approaches to assessing cost risk.
- Identify the characteristics of the five probability distributions.
- Analyze the probability of under-running or over-running a given point estimate.

- Calculate appropriate final price determination.
- Graphically summarize incentive provisions.
- Calculate necessary funding actions.
- Detect aberrant FPIF contract geometry.
- Determine effectiveness of performance and technical incentive valuations and corollary prohibitive cost incentive tradeoffs under multiple incentive contracts.
- Summarize acceptable contract change techniques on incentive contracts.

- Summarize pertinent regulatory guidelines.
- Construct a target-centric incentive contract arrangement integrating pertinent profit/fee policy and regulatory incentive guidance.
- Calculate the probability of contract completion within ceiling using quantitative risk analysis.
- Integrate reward pools with quantitative cost risk analysis to determine appropriate contract type and share ratios.
- Construct an effective cost limitation provision for multiple incentive CPIF contracts.
- Examine competing incentive contract proposals in a source selection environment.

- Explain the purposes for conducting a cost realism analysis
- Recognize when to perform Cost Realism analysis
- Identify the impact of uncompensated overtime on cost realism analysis
- Given a proposal evaluation scenario, describe various characteristics of cost realism analysis.

- Calculate an Equitable Adjustment.
- Recognize the concepts associated with an equitable adjustment.
- Recognize cost issues.
- Recognize Profit/Fee issues.
- Recognize issues to consider in pricing contract changes.
- Recognize other situations requiring adjustment.
- Show how to definitize Undefinitized Contract Action (GAO Report).
- Recognize Special Considerations for Pricing Claims.