If you complete this course and do well, you will be able to:

• Distinguish between the types of Contract Authority that binds each party contractually. 
• Differentiate the Elements of a Contract and how and when they shift from buyer to seller 
• Differentiate between the availability, limitation and purpose of appropriated funds, and the impact of unauthorized commitments. 
• Distinguish between the Competition Requirements in accordance with various contractual statutes. 
• Determine when the appropriate Contract Types are used. 
• Determine when disclosure of cost or pricing data is required and explain the legal requirement for truthful negotiations and its ramifications for defective pricing. 
• Differentiate among the types and purpose of Socio-economic Policies including Small Business Preference and Domestic Preference Programs. 
• Distinguish among the various Labor Standards and Laws and when they apply. 
• Differentiate among the types of Intellectual Property. 
• Examine the ramifications of Ethics, Codes of Conduct violations and Conflicts of Interest. 
• Distinguish the different types of Disputes and when they are used; and identify different processes by which challenges may be filed against the buyer or seller. 
• Differentiate the types of Quality Assurance 
• Distinguish the types of Payments and why they are used 
• Examine the ramifications of Changes and Pricing Adjustments 
• Distinguish the types of Terminations and their impacts to the Government and the Contractor