Government Contracts: Bidding and Financial Management
MGMT X 408.65
Students learn the fundamentals of U.S. government regulations that impact how bidders propose work, negotiate prices, and execute to contractual terms.
Winter
Summer
Online
Starting at $999.00
As few as 11 weeks
4.0
3.3
What you can learn.
- Define the relationship between a company’s cost structure and the rates and factors used to develop pricing
- Describe the U.S. Government policies and regulations thatgovern proposal pricing, rate evaluation, contract negotiation, and contract performance
- Distinguish the differences in the proposal preparation and evaluation process between a FAR Part 12 and FAR Part 15 procurement
- Evaluate a proposal’s major cost elements and use them to develop buyer’s negotiation position
- Describe the impact of contract type on proposal price
- Specify the requirements for “special” price proposals, including termination proposals, change proposals, and requests for equitable adjustment
About this course:
The U.S. government regulations and processes enable it to procure goods and services at "fair and reasonable" prices. For companies to successfully do business with the U.S. government, they must establish and maintain consistent financial structures to support cost/price proposals and execute their contracts pursuant to contractual terms. In general, the U.S. government has the rights to audit bidders' proposals and compliance with the requirements in certain types of acquisitions. Students learn the fundamentals about the U.S. government regulations that impact how bidders propose work, negotiate prices, and execute contractual terms. The course next focuses on how bidders develop cost proposals, audits, and price negotiations. The course examines how successful bidders undertake the financial management of the contract, which includes creating budgets, monitoring program progress, invoicing, and contract closeout.Winter 2021 Schedule
Available Format(s):
These courses are fully online and have no regular meeting times.
Enrollment Closed
-
This section has no set meeting times.
Instructor:
Hycentha Hodge
376993
Fee:
$999.00
Notes
Enrollment limited; early enrollment advised.
Refund Deadline
No refunds after January 18, 2021
Course Requirements
Book:
Guide to Contract Pricing: Cost and Price Analysis for Contractors, Subcontractors, and Government Agencies, 5th edition
by John Edward Murphy
©2009
Management Concepts
ISBN 1567262414
Internet access required to retrieve course materials.
This course applies towards the following certificates & specializations…
Corporate Education
Learn how we can help your organization meet its professional development goals and corporate training needs.
Donate to UCLA Extension
Support our many efforts to reach communities in need.