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Basic Contracting for Federal Financial Professionals

Course ID: 234                         Course Length: 1 day(s)

Overview:

This interactive course gives the financial administrator an overview to federal contracting. The class introduces and defines various federal terminologies that are used in contracting and the various types of federal contracts.

Objectives:
At the end of the workshop participants should be able to:

  • Define the goals and objectives of the Federal
    Acquisition Process
  • Describe the FAR - Federal Acquisition Regulations
  • Explain who the players are in the Acquisition process
  • Identify contracting functions
  • Understand the acquisition process (Determination
    of Need, Assess Market, Contract Formulation,
    Contract Administration)
  • Understand terminology used in contracting

Topics:

  • Determining the government's needs for goods
    and services
  • Business analysis and strategy
  • Acquisition planning
  • Basics of what needs to be in a statement of work
  • Writing statements of work
  • Soliciting, evaluating offers, and awarding contracts
  • Planning for source selection
  • Pricing arrangements
  • Developing a contract administration plan
  • Responsibilities of administration
  • Post-award orientations
  • Modifications to the contract
  • Changes in scope versus changes in prices

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