US Public Constructing Institute offers a course with triple factors

The Public Construction Institute of United States is all set to offer an exciting course which has a triple factor to learn for the students. Those are Price analysis, Cost Analysis and Construction Negotiation. The course will commence from October 7, 2014 at the office of the Public Contracting Institute, 1725 I Street NW, Suite 100, Washington, District of Columbia 20006.

 

The construction analysis and negotiation in the United States depend on performance of contractors and concern government officers’ responsibilities. The US Government relies on contractor pricing proposals and cost representations to establish prices and reimburse of actual cost.

 

In this regard, the burden is on the contractor to demonstrate that prudent business actions have been taken to determine that the prices paid to lower tier suppliers are fair and reasonable. In addition, the Government contracting officer has a responsibility to assure that the Government pays a fair and reasonable price for the goods and services it acquires.

 

The US Public Constructing Institute is offering this course which is designed to provide specific guidance in performing and documenting price analysis and cost analysis for goods and services acquired for US Government contracts and subcontracts. The enrolling students will benefit from attending either one day, two days, or all three days of this course, depending on the extent to which they need to understand price analysis or cost analysis.

The enrolling students would learn the US government’s requirement of price and cost analysis. Among those are regulatory requirements and expectations related to price analysis and cost analysis, how and when to perform and document price analysis and cost analysis, how and when to perform and incorporate technical analysis, The course will also give away the lesson how to regulatory requirements and expectations related to estimating systems and documenting the results of price analysis and cost analysis. Conducting negotiations using cost analysis.

 

US Public Constructing Institute offers a course with triple factors

 

The US Government relies on contractor cost representations to establish prices and reimburse actual costs. In this regard, the burden is on the contractor to demonstrate that prudent business actions have been taken to determine that the prices paid to lower tier suppliers are fair and reasonable. They have to be honest enough. This course is designed to provide specific guidance in performing and documenting price analysis for goods and services acquired for US Government contracts and subcontracts.

 

This course is designed to provide specific guidance in performing and documenting cost analysis for goods and services acquired for US Government contracts and subcontracts in those situations when the Truth in Negotiations Act applies, or when price analysis alone is insufficient to demonstrate the reasonableness of lower-tier suppliers’ prices. It also includes a focus on the regulatory requirements and expectations for contractor estimating systems.

 

Perform a simulated contract award through the application of cost analysis. Participate in a simulated negotiation using cost analysis. For the cost analysis case, participants are given a set of raw data and split into negotiation teams in order to perform a cost analysis, and the teams then use the results of their cost analysis to conduct a simulated negotiation. The day concludes with a comprehensive review of price and cost analysis, using a question and answer game style format that maximizes student interaction.

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