Federal, State & Local with Emphasis on Federal
This workshop is targeted to those wanting a basic understanding of how to develop and support a complete, reasonable, and realistic price for a government offer along with the importance of and framework for a compliant accounting system.
This workshop addresses the specific elements of the costs that make up a contract price including direct labor, payroll overhead, direct material, general and administrative, and profit, including how each is calculated and applied.
Tools, terminology, concepts, and cost principles will also be addressed and include reasonableness, allocability, allowability, unallowability and pricing models. Real world examples will be discussed to help participants better understand how these tools, terminology, concepts, and principles apply to solicitations and contracts.
The objective of the workshop is to provide the attendee a basic understanding of the requirements set forth by the government to develop and support the cost elements in their contract price.