Details:

This live virtual training provides an in-depth analysis of FAR part 31, which establishes cost principles for federal contracts. Participants will explore key concepts such as allowable vs. unallowable costs, cost reasonableness, and cost allocation methods. We’ll cover essential compliance considerations, audit preparedness, and strategies for managing contract costs effectively. With real-world examples, attendees will gain the tools needed to navigate cost audits, optimize pricing strategies, and maintain compliance with government cost regulations.

Learning Outcomes:

• Identify and apply key cost principles outlined in FAR part 31.
• Distinguish between allowable and unallowable costs and their implications for contract pricing.
• Understand cost allocation methods and their role in cost negotiation and allowance.
• Prepare for government audits by ensuring proper cost documentation and compliance strategies

CMBOK Competency: 

• 3.1 Price or Cost Analysis
• 3.2 Plan Negotiation
• 4.1 Administer Contract
• 4.2 Ensure Quality

Intended Audience: 

Government contractors, contract managers, financial analysts, and accounting professionals responsible for contract pricing, cost allocation, and ensuring compliance with FAR part 31 cost principles.

Presenters:

• Don Mansfield, Owner, Don Acquisition LLC

• 2.0 CPE/CLP credits for participation

Cost: 

• $74 member/ $92 non-member
• To register a team member or to inquire about a group discount, please contact [email protected].

Course Access:

• After registration, to access your course, visit My Virtual Training. 
• *Note: you must be logged into your NCMA profile to access your courses on My Virtual Training.