Introduction to Government Contracting--This seminar addresses the structure of the Federal Acquisition Regulation (FAR) system and how federal procurements are accomplished. Contracting by sealed bid and by negotiation are distinguished. The various forms of cost reimbursement and fixed price contracts are described in this seminar. (2 Days)

Understanding the FAR Cost Principles--This seminar covers the basic requirements for a cost to be allowable, i.e. reasonable, allocable, conformance with Cost Accounting Standards and/or Generally Accepted Accounting Practices, compliance with contract terms and allowed per specific provisions in FAR Subpart 31.2. This seminar covers the provisions of FAR which address the allowability of specific costs such as advertising, entertainment, travel, interest expense, compensation, etc. (3 Days)

Application of Cost Accounting Standards (CAS) Requirements--This seminar addresses the contract coverage for CAS Board promulgations. This includes exemptions from CAS, what constitutes an accounting change and cost impact statements. The requirements for a Disclosure Statement and a review of the statement questions are covered in this seminar. Each of the nineteen Cost Accounting Standards is discussed in detail in this seminar. (3 Days)

Truth-in-Negotiations Requirements--This seminar addresses the legislation that requires that cost or pricing data be current, accurate and complete as of the date of contract price agreement. The fundamental requirement to establish a violation of this law (defective pricing) are presented based on court and Board of Contract Appeals cases. This seminar addresses the types of audits performed by the government auditors and some common defective pricing preventive techniques such as "data sweeps." (1 ½ Days)

Cost Estimating Systems--This seminar addresses the regulations which cover cost estimating systems, e.g. the Department of Defense (DOD) Estimating System Regulation and proposal support required by FAR regarding cost or pricing data. Government review of estimating systems is described in detail and typical results presented. This seminar consists of a presentation of a good proposal and discussion of the various types of support needed. (1 ½ Days)

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