Sign Up for Seminars from Over 600 Providers

Government Contract Costs

Fee:

$1,095

· QuickCode:

QQANSW

· Print Page · Email Page

Provider:
Federal Publications Seminars, A Thomson Business

Topic(s):
Purchasing/Procurement

Who Should Attend?
Purchasing managers

Full Seminar Description

Daily Schedule

9:00a.m.-4:00p.m.

Course ends at 12:00 noon on the 3rd day

CLE Hours

This course is eligible for

13.75(60 minute)

16.5(50 minute)

CPE Hours

This course is eligible for

16.0(CPE) hours of credit.

Program Level: Basic

Program Prerequisite: None

Advance Preparation: None

Method: Group-Live

"The dollar and cent realities of cost recovery."

Note: Includes coverage of the new revisions to FAR Part 30 on the administration of the Cost Accounting Standards and their implications for determining a cost impact where there are changes to a cost accounting practice.

A compact three-day course in the working rules and tested techniques of contract costing and cost recovery including:

• New FAR principles
• Federal grants cost issues
• The continuing impact of the Acquisition Streamlining Statutes and Regulations

In the final analysis, there is nothing more basic to the fortunes of a Government contractor than recovery of valid performance costs (plus a reasonable profit). Similarly, there is nothing more basic to the success of the Government's procurement operations than control of the costs it incurs to satisfy the Nation's needs. When the work is completed and accepted—and when the books are finally closed—it is the last entry that tells the story. Everything else is prelude.

Recognizing this fact of life, we are pleased to offer a unique short course: Government Contract Costs. Developed by Federal Publications Seminars LLC, the program includes a full three days of instruction in the dollar-and-cent realities of cost recovery. You will be tutored in the complex cost principles applicable to both fixed-price and cost-reimbursement contracts; the cost facets of bidding, negotiations, claims, and terminations; the impact of the Cost Accounting Standards; the guiding decisions of the Courts and appeal Boards; and more.

Although fresh in approach, in content, and in materials, including a special comprehensive Course Manual, the program is a tested package. Comments from attendees at previous sessions provide ample evidence of its value.

Two eminently qualified instructors will lead you through the intricacies of costs — charting parallel paths for all who are concerned with such problems. Government or industry representative; contract administrator, attorney, accountant, program manager or executive; relatively uninitiated or seasoned campaigner — whoever you may be you will find workable substance in the concentrated teaching technique of these experienced lecturers.

The Course Curriculum

Cost Principles

• Federal Acquisition Regulation (FAR)
• Agency Implementation
• Prior Regulations: DAR; NASA PR;DOE PR; Civilian Agency Regulations

Cost Accounting Standards

• The Regulations
• Covered Contracts
• Exempt Contracts
• DAR
• NASA PR
• DOE PR
• Civilian Agency Regulations

Applicability of Cost Principles

• Cost-Reimbursement Contracts
• Fixed-Price Contracts
• Construction Contracts
• Supply Contracts
• Research and Development Contracts
• Grants-Costs as Defined by OMB Circular A-21
• Cost Incentives

Impact Of Cost Principles

• During Proposal Preparation
• During Contract Performance
• At and After Completion

Advance Agreements and Disclosures

• When Required
• Contracting Officers' Authority
• Form of Agreement
• Proof of Agreement
• Advantages and Disadvantages

The Nature of Costs

• Definition of Costs
• Incurred Costs
• Actual Costs vs. Estimates
• Credits

Reasonableness

• Basic Underlying Concepts
• Contractor's Discretion
• Basis for Disallowances
• Burden of Proof
• Approvals

Allocability

• Direct Costs
• Indirect Costs
• Methods of Allocation
• Benefit Theory of Allocability
• Costs for Overall Operations
• Accounting Periods
• Changing Allocation Methods
• Equitable Allocations

Critical Applications of Cost Principles

• Proposal Preparation and Evaluation
• Contract Administration
• Changes and Other Claims
• Delay and Standby Costs
• Subcontract Implications
• Terminations
• Overhead Overruns
• Unabsorbed Overhead
• Dealing with Unallowables

Specific Types of Costs

• Costs Not Covered in Regulations
• Costs in More Than One Category
• Advertising and Selling Costs
• ADPE Leasing Costs
• Compensation For Personal Services
• Contingencies
• Contributions and Donations
• Depreciation and Rent
• Entertainment
• Fines and Penalties
• Disposition of Depreciables
• Idle Facilities
• Interest and Other Financial Costs
• Losses on Other Contracts
• Material Costs
• Patent Costs
• Pre-Contract Costs
• Professional Service Costs
• Research and Development Costs
• Severance Pay
• Special Tooling and Test Equipment
• Taxes
• Termination Costs
• Travel
• Bad Debts
• Bid and Proposal Costs

The Government Contract Audit

• What Auditors Look For
• Direct Cost Problems
• Indirect Cost Problems
• Overhead Pools
• Liquidating Bases
• Disallowances
• Questioned Costs

Special Considerations

• Contractor's Accounting System
• Unique Contract Provisions
• Combined Commercial and Government Work
• Ethics Issues

Sponsor Background:

This seminar has 1 upcoming dates & cities. To quickly return to this seminar later, you can search by its QuickCode: QQANSW.

Get updated when new dates are added for this seminar.
Get a free personalized recommendation from our experts!