If you complete this course and do well, you will be able to:
- Examine and determine the proper market research tools to utilize in order to recognize the essential elements of a market research report.
- Differentiate among the price analysis techniques.
- Examine price related factors.
- Examine price analysis techniques including price evaluation preferences.
- Differentiate between cost and price analysis.
- Examine the government's policy for determining fair and reasonable prices in an environment with unique restraints.
- Differentiate the various contract pricing arrangements and delivery arrangements.
- Examine and determine the proper contracting strategy, including identifying the proper contract type and other incentives.
- Identify the policies and procedures for applying the Cost Accounting Standards Board (CASB) rules and regulations to negotiated contracts and subcontracts.
- Demonstrate an understanding of the Truth in Negotiation Act that includes its purpose of mitigating government cost risk.
- Identify the circumstances for requiring cost and pricing data from the seller, when it requires certification and the impacts of submission, disclosure, and nondisclosure of cost and pricing data.
- Differentiate between direct costs and indirect costs.
- Differentiate the types of direct costs and their corresponding cost estimating relationships.
- Differentiate between direct labor direct materials and other direct costs and their treatment.
- Determine, apply and calculate the appropriate quantitative analysis techniques.
- Differentiate the components of indirect costs and calculate their corresponding indirect cost rates.
- Apply indirect cost rates to their appropriate direct costs.
- Examine the principles that govern cost allowability and the standards that address the measurement, assignment, and allocability of costs.
- Examine and determine the proper cost accounting principles and procedures to apply to contracts.
- Summarize and evaluate direct materials and subcontractors’ costs.
- Summarize and evaluate indirect costs.
- Examine and calculate Facilities Capital and Cost of Money (FCCOM).