Estimating Systems and Defective Pricing

Oct 8 - Oct 9

Estimating Systems and Defective Pricing10:00 am - 5:00 pmThis virtual course provides an in-depth look at the FAR and DFARS requirements for implementing and maintaining an adequate estimating system, preparing acceptable forward pricing proposals, and methods and procedures for assessing and minimizing the risk/vulnerability of adverse defective pricing findings from Truth in Negotiations Act violations. The primary focus of this virtual course is on implementing and maintaining an adequate estimating system to take a proactive posture to defective pricing prevention. It is recommended for financial and manufacturing personnel who provide input to or rely on output from the estimating process for proposal preparation, and those individuals who are responsible for conducting internal estimating system compliance reviews. Learning Objectives
Upon completion of this course, the participant should know: The nature, intent, and requirements of the Truth in Negotiations Act (TINA)
Underlying causes for common defective pricing findings
The relationship of Truth In Negotiations Act (defective pricing) and estimating
The nature and intent of estimating system requirements
The interrelationships between estimating and other systems
Attributes of an adequate estimating system
Estimating deficiencies that lead to defective pricing
The government's approaches to proposal auditing, estimating systems surveys, and postaward (defective pricing) reviews
Techniques for preparing and supporting estimates
Profit considerations
Strategies for avoiding or minimizing the effect of adverse audit findings. This live virtual course is eligible for both CLE and CPE credit. Virtual Learn More »

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Capital Edge government contract consultants support Government Contractors and Federal Grant Recipients. Our consultants specialize in the regulatory compliance matters you need.

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