Determining allowable costs for contract pricing or reimbursement purposes can be complicated. FAR Part 31 contains cost principles and procedures for the pricing of contracts, subcontracts, and modifications to contracts and subcontracts whenever cost analysis is performed, and the determination, negotiation, or allowance of costs when required by a contract clause.
This workshop provides a thorough understanding of the nature and intent of FAR Part 31—Contract Cost Principles And Procedures, Subpart 31.2—Contracts with Commercial Organizations. Coverage includes the basic FAR requirements for cost accounting and cost principle application contained in FAR 31.201 through FAR 31.204, as well as a detailed examination and explanation of each contract cost principle contained FAR 31.205. It is recommended for those individuals with responsibility for identifying and coding transactions for cost segregation, for cost accounting, or for management or oversight of the cost accounting functions.
CLP
This course is recommended for 16 CLP credits.
CPE ( )
13.5 credits may be earned for this course.
CEU
1.13 credits may be earned for this course.
CLE11 CLE (Pending approval in VA).
CLE Jurisdiction Approval
PDU
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 11 PDU credits.
The Public Contracting Institute1725 I (Eye) Street NWSuite 100Farragut MetroWashington, District of Columbia 20006
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