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Course

FCN 190: FAR Fundamentals

This training course provides foundational knowledge of the Federal Acquisition Regulation (FAR) System. Students will be immersed in the FAR throughout this course and emerge knowledgeable of the government contracting process; the FAR and FAR supplement structure; FAR Parts 1–53; and will be able to locate and understand FAR regulations, guidance, provisions, and clauses. Students will navigate the online FAR as they wrestle with realistic scenario-based contracting problems. This training course is designed for personnel new to federal contracting workforce who are seeking FAC-C Level I training and noncontracting personnel who play a role in the acquisition process and require this course for certification.

Learning Objectives
  • Identify the basic framework of the federal acquisition environment and locate, cite, and interpret information in the FAR
  • Identify the policies and procedures related to acquisition planning, preferred and required sources, competition requirements, types of contracts, special contracting methods, describing agency needs, publicizing contract actions, and socioeconomic programs
  • Identify polices and procedures for soliciting offers, evaluating bids and offers, conducting exchanges with offerors, awarding contracts, managing protests, and conducting simplified acquisitions
  • Identify the fundamental concepts of administration, the rights of parties when contract performance is unacceptable, applicable payment clauses, contract modifications, contract disputes, terminations, and closeout
Topics
  • Using the FAR
  • Acquisition Planning Process
  • Sources
  • Competition Requirements
  • Methods of Contracting
  • Types of Contracts
  • Interagency Agreements, Options, and Indefinite Delivery Contracts
  • Describing Agency Needs
  • Publicizing Contract Actions
  • Socioeconomic Programs
  • Contract Formation Principles
  • Solicitation of Offers
  • Bid Evaluation
  • Proposal Evaluation and Exchanges with Offerors
  • Contract Award
  • Protests
  • Simplified Acquisition Procedures
  • Contract Administration Basics
  • Contract Performance Measurement
  • Quality Assurance
  • Payment
  • Contract Modifications
  • Disputes and Appeals
  • Contract Terminations
  • Contract Closeout
Suggested Prerequisites
Additional Information
  • CON 100, CON 121, CON 100, CON 110, CON 124, CON 111, CON 127 and CON 112 are suggested prerequsites for FCN 190. Students have the option of taking: CON 100 or FCN 101; CON 121, CON 110 or FCN 110; CON 124, CON 111 or FCN 111; CON 127, CON 112 or FCN 112.

Course Details

Course Number: 1191
Tuition: $2299
Duration: 10 days
NASBA CPE Credits: 80
CLPs: 80
CEUs: 8
Level: Basic
Field of Study
Finance
Exam Format
7 Graded Quizzes and 2 module exams

Course Location & Dates

Washington, DC

Tysons Corner, VA

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