Cost and Price Analysis

Overview

Conduct the acquisition of goods and services with federal money with confidence through a better understanding of price and cost analyses in accordance with the Federal Acquisition Regulation (FAR). This course is designed for those with a good understanding of the federal contracting process.

Who Attends

This course is designed for personnel involved in establishing or modifying the price or cost of a government contract.

Course Level: Intermediate
CLP: 40 | CPE: 40
Duration: 5 Days

Price: $ 1939.00 Course prices shown here do not include a credit card surcharge. Payments by ACH, EFT, or check do not include the surcharge and are offered at a lower price. At checkout, you may choose a payment method that avoids the credit card surcharge.
A 3% credit card surcharge will be applied.

Course Details

FAQs Technology Requirements

For Groups

Volume Discounts (5+ Seats) Private Group Training Icon

Private Group Training

Available Dates

Guaranteed to Run are designated with a

October 19 - October 23, 2026

Class ID: 261030004

Virtual

9 AM - 5 PM EST

Learning Objectives

Determine if pricing is fair and reasonable
Suggest modifications to price or cost to assure reasonableness

Additional Features

Learn More

Course Activities

The final exam must be completed with a grade of 70% or higher.

Course Topics

Contract Pricing—An Overview

Identifying the Government’s Pricing Objective
Identifying Government Approaches to Contract Pricing
Identifying Potential Participants in the Price Analysis
Exercise: Fair and Reasonable

Conducting Market Research for Price Analysis

Reviewing the Independent Government Estimate
Reviewing Acquisition Histories
Research Market Data
Using Market Research to Estimate Probable Price
Exercise: Brittle Bearings

Obtaining Offeror Information for Analysis

Requiring Data Other Than Certified Cost or Pricing Data
Requiring Certified Cost or Pricing Data
Exercise: Motley Systems

Applying Price-Related Factors

Applying Assumed Administrative Cost Factors
Applying the Buy American Statute Criteria
Applying Government-Furnished Property Factors
Applying Transportation Cost Factors
Lease vs. Purchase
Price Evaluation Preference for HUBZone Small Business Concerns
Determining Offered Price(s)
Evaluating Possible Award Combinations
Exercise: Loadstar

Comparing Prices

Making Comparisons
Types of Comparisons

Calculating the Should-Pay Price

Price Index Numbers
Trend Analysis
Price-Volume Analysis
Cost Estimating Relationships
Ratio of Price to Estimated Direct Cost

Introduction to Cost Analysis

Cost
Cost Analysis
Exercise: Costs and Cost Analysis

Contract Cost Principles

General Cost Principles on Allowability
Specific Cost Principles
Exercise: Applying Selected Cost Principles
Exercise: Allowability

Preparing for Cost Analysis

Collecting and Reviewing Available Data
Requesting and Analyzing Technical Support
Exercise: X.Pert Analysis Request
Requesting and Analyzing Audit Support
Exercise: FAST Audit

Direct Labor Costs

Analyze Direct Labor Mix
Analyze Labor Hour Estimates
Analyze Wage Rate

Direct Material Costs

Proposed Direct Material Mix
Summary Cost Estimates
Detailed Cost Estimates
Major Subcontract Requirements

Indirect Costs

Importance and Composition of Indirect Costs
Indirect Cost Rates
The Indirect Cost Allocation Cycle
Exercise: Cover Industries

Profit or Fee

Identifying the Factors Affecting Profit/Fee Analysis
Developing an Objective Using the DOD Weighted Guidelines
Developing an Objective Using the Department of Transportation Structured Approach

Preparing for Negotiation

Trade-Off Analysis
Contract Type and Prenegotiation Objectives
Documentation
Exercise: Woodson Works

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Cost and Price Analysis

Overview

Who Attends

For Groups

Available Dates

Learning Objectives

Additional Features

Credits

This course is part of the following Management Concepts Certificate Programs:

Core Courses

Elective Courses

Prerequisites:

Mandatory

Suggested

Course Activities

Course Topics