Introduction to Government Contracting

This introductory course is designed to give you the information needed to understand the procurement process - from contract formation to contract completion. It covers key issues that are essential to your understanding of practical application of government contracting. The course covers a comprehensive amount of material that allows you to apply the knowledge and skills acquired to your individual work and operations. You'll receive proven tools and guidance you need to fulfill your responsibilities and contribute to the success of your involvement in the contract process.

Benefits

• Learn contracting techniques such as sealed bids and competitive negotiations
• Become aware of 5 forms of cost reimbursement contracts
• Learn the procedures for less than full and open competition as well as the standards for competitive negotiations
• Know how to negotiate for cost and fee
• Discover the various forms of contract changes and modification
• Find out how to terminate contracts for convenience and default
• Become aware of cost issues - allocability, cost account standards and defective pricing

Major Topics

• Federal contracting: An overview
• Introduction to the FAR
• Sealed bidding and competitive negotiation
• Cost issues
• Cost reimbursement contracting
• Negotiation of cost and fee
• Negotiation of profit
• Contract changes and modifications
• Termination: Convenience and default

2 days/1.4 CEUs awarded