Webinar - Beyond Commercial Item Contracting: A Two-part Primer on Negotiated Contracting Under FAR Part 15 - Part TWO

PART 2: Cost-based Pricing and Billing – Fundamental Government Contract Accounting and Pricing Principles Every Senior-level Manager Must Understand

This fast-paced webinar distills the Government’s cost accounting and cost- based pricing rules into a handful of key principles that every contractor executive must know.  These key concepts, presented in layman’s terms, form an important framework that will help contractors design compliant accounting and pricing practices to avoid significant compliance pitfalls.  While this session is not designed to provide “everything you need to know” in the tedious world of government contract cost accounting and contract pricing, it will help responsible executives prevent or detect potential issues that may significantly impact profitability, competitive positioning, and the Company’s reputation.

 Key Concepts Include

• Full absorption cost accounting
• Direct vs. indirect costs
• Cost allowability
• Cost reasonableness
• Cost allocability and indirect cost rates
• Consistency
• Profit or “fee”
• Disclosure and certification of “cost or pricing data”
• Game-changer Contract Value Thresholds