Administration of Cost-Reimbursement Contracts

 View Dates & Sign Up ·  Print Brochure ·  Email Reminder ·  Bring On-site

Detailed Overview/Outline

This specialized course focuses on the unique demands of administering cost-reimbursement contracts for services, supplies, and R&D. Prior to enrolling in this course, students should understand basic federal contracting principles and procedures.

Suggested Prerequisite(s): Introduction to Federal Contracting, or Contract Administration I, or Contracting Officer's Representative

Course Objectives:
After successful completion of this course, the student will be able to:

• • Describe the nature of a cost-reimbursement contract
• • Explain policies and procedures unique to cost-reimbursement contracts
• • Administer cost-reimbursement contracts

Major Topics:
Cost-Reimbursement Contracts

• Use of the cost-reimbursement contract. Cost, cost-sharing, cost-plus-fixed-fee, cost-plus-award-fee, cost-plus-incentive-fee, time-and-materials, and labor-hour contracts. Cost risk of performance under cost-reimbursement contracts.

Funding and Financial Administration

• Methods of financing. Provisional payments. Guaranteed loans. Advance payments. Contract funding. Allowable, reasonable, and allocable costs. Processing payments. Payment of fixed fee. Limitation of Cost/Funds clauses. Prompt Payment Act. Audit rights.

Monitoring, Inspecting, and Accepting Contractor Performance

• Level of monitoring and surveillance. Monitoring by inspection. Responsibilities and extent of inspection. Correction of defects. Quality assurance. Monitoring by use of progress reports. Enforcing contract requirements. Monitoring and controlling contractor personnel assignments. Postaward conference or other orientation. Establishing a contract administration file.

Monitoring Labor Compliance

• Service Contract Act. Contract Work Hours and Safety Standards Act. Davis-Bacon Act. Copeland Anti-Kickback Act. Walsh-Healey Public Contracts Act.

Contract Modifications and Changes

• Sources of modifications. Methods and types of modification. The Changes clause. Change order vs. supplemental agreement. Constructive changes and equitable adjustments. Estimating and pricing the cost of a change.

Government Property

• Types: Government-furnished and contractor-acquired. Contractor management and liability for loss or destruction. Administration responsibilities.

Subcontracting and Review of Subcontracting Systems

• Government consent. Subcontractor disputes. Review of the contractor's purchasing system.

Contract Terminations and Remedies for Unsatisfactory Performance

• Terminating for convenience or default. Performance remedies other than termination.

Disputes

• Contract Disputes Act of 1978. Claims by the contractor or the government. The contracting officer's final decision. Certification requirements. Interest payable. Obligation to continue performance. Alternative Dispute Resolution. Appeals to boards of contract appeals, the Court of Federal Claims, and the Court of Appeals for the Federal Circuit. Dispute provisions in subcontracts. Equal Access to Justice Act. Responsibilities of the contracting officer and COR.

Contract Closeout

• Physical and administrative completion. Personnel involved. Closeout documentation and procedures.

Sponsor Background:
Management Concepts, Inc. provides high-quality training in general management, financial management, grants, and federal acquisitions and contracting. Established in 1973, they offer open-enrollment and on-site courses designed to meet the training needs of professionals. Our students come from a variety of settings: federal, state, and local governments; higher education; government contractors; and a wide range of private businesses and not-for-profit organizations.

Instructor Background:
Dynamic instructors selected for their subject matter expertise and real-world experience. Many have worked at federal agencies and in the private sector, and understand the professional challenges you face every day. Our instructors do more than just teach. They stimulate interest with their comprehensive subject-matter knowledge, and encourage class participation through their interactive teaching methods.

Get updated when new dates are added for this seminar.

Get a free personalized recommendation from our experts!

Questions? Please call us Toll-free at (877) SEM-INFO.