Cost-Reimbursement Contracting with the Federal Government

With full coverage of the cost-reimbursement contracting process, including:

The purpose and nature of cost-reimbursement contracting

Types of cost-reimbursement contracts

Procurement techniques for cost-reimbursement contracts 

• Evaluating proposals and negotiating cost and fee 
  
• Contract administration issues related to cost reimbursement contracts 
  
• Overview of special cost principles and Cost Accounting Standards
  
• Audits and payments 
  
• Avoidance of contract disputes 
  

An important difference between contracting with the Government and private contracting is the Federal Government's widespread use of cost-reimbursement contracting vehicles. Cost-reimbursement contracts allow the parties to undertake projects that involve a substantial amount of technical and financial uncertainty and accord them greater flexibility during performance of the work than is possible under a fixed-price type contract.

At the same time, the Government has established elaborate procedures for awarding and administering cost-reimbursement contracts, including detailed cost principles relating to the allowability and allocability of performance costs. Anyone involved in the award or administration of a cost-reimbursement contract must keep up with these requirements. Failure to comply with these rules and procedures, which are constantly changing, can be costly and result in problems for both private industry and the Government.

No matter how keen your senses of awareness, or how advanced your level of knowledge of cost-reimbursement contracting, this is a subject about which you can never know enough. This course is designed for both those new to cost-reimbursement contracting, as well as experienced contracting professionals.

To assure understanding, maximum provision has been made for questioning by the audience. Toward that end the course faculty will (a) deliver information-packed lectures and (b) answer your questions-concentrating on particular aspects of the subjects which are of interest to you. Our purpose: To make certain that you learn the rules and procedures and know what must be done to comply with them in the award and administration of cost-reimbursement contracts.

Additional Information:

Course Curriculum

• PURPOSE AND NATURE OF COST-REIMBURSEMENT CONTRACTING
  
• TYPES OF COST-REIMBURSEMENT CONTRACTS
  
• PLANNING COST-REIMBURSEMENT ACQUISITIONS
  
• SOLICITING AND SUBMITTING PROPOSALS
  
• EVALUATING PROPOSALS
  
• CONDUCTING NEGOTIATIONS AND AWARD
  
• NEGOTIATING COST AND FEE
  
• COST AND ACCOUNTING RULES
  
• GENERAL STANDARDS OF LIABILITY UNDER COST-REIMBURSEMENT CONTRACTS
  
• CONTRACT ADMINISTRATION
  
• AUDIT AND PAYMENT
  
• DISPUTES AND REMEDIES UNDER COST-REIMBURSEMENT CONTRACTS

   

Terry L. Albertson will be speaking about <i>Cost-Reimbursement Contracting</i> during this seminar offered through Federal Publications Seminars LLC.