This course introduces the procurement and contracting processes, and explores fundamental principles and techniques in detail. The course emphasizes government contracting but also discusses private sector contracting.

This survey course encompasses the entire contracting process from receipt of a purchase request through contract closeout.  Students use the National Contract Management Association Contract Management Body of Knowledge and the Federal Acquisition Regulation (FAR) to make business related decisions. Students who successfully complete this course will be able to:

1.   Understand the contract business environment and act as business advisers                          

2.   Understand the essentials of acquisition planning including analysis of contracting requirements and planning for competition and source selection

3.   Know the fundamentals of contract formation including the drafting of  solicitations, evaluation of  quotes and offers, and awarding of contracts

4.   Understand the fundamentals of contract administration including planning for successful contract administration, monitoring of  contract quality, administration of  payments, as well as modification, termination and close out of contracts