Course Description: This course concentrates on a primary feature of the contracting process:  the determination and presentation of pricing data.  The course emphasized cost and price issues as they relate to the decision making process of each party in a contract situation.  Contractor selection and pricing strategies are emphasized.

Course Objectives:

Upon completion of this course, the learner will:

1.     Understand the fundamental concepts of price analysis and cost analysis;

2.     Apply price analysis techniques;

3.     Analyze direct and indirect cost elements;

4.     Develop profit or fee objectives;

5.     Understand how to prepare for and document contract negotiations.