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In this final session of this season’s Trending Cost & Pricing Issues, Bill Walter of Dixon Hughes Goodman and his guest host David Bodenheimer with Crowell & Moring will introduce one of the unique weapons in the Federal Government’s arsenal. Since 1963, when applicable, Public Law 87-652 (aka the “Truth In Negotiations Act” (TINA)) provides a contractual right to the Government – in certain circumstances - where the Contracting Officer can reduce contracted prices – after the fact. When used effectively – TINA significantly levels the playing field regarding superior knowledge regarding cost and pricing data – while at the same time increasing the cost of contracting with the Federal Government. Our instructors will present the steps used by the Government to seek out and identify Defective Pricing. We will also identify strategies and defenses you can take to avoid the risk of contract price adjustments and other penalties. Our instructors will examine TINA from several viewpoints and outline the risks imposed and review relevant case law and interpretations to help you understand the wide net that can be cast under this law – and steps you can take to avoid potential challenges.
This season finale will:
Trending Cost & Pricing Issues Series (to register for the series, click here)
Third Thursday of the Month
The CAS Series:
January 19 Part I: CAS Overview: Applicability, Types of Coverage and CAS Administration
February 16 Part II: The Cost Accounting Standards – Allocation of Cost
March 16 Part III: The Cost Accounting Standards – Assignment and Measurement of Cost
April 20 Part IV: The CASB Disclosure Statement
The Cost and Price Analysis Series:
May 18: Part I: Price Analysis and Fair and Reasonable Pricing
June 15: Part II: Commercial Item Pricing and Challenges in the Current Environment
September 21: Part III: Direct and Indirect Costs and a Little Thing Called G&A!
October 19: Part IV: Profit – Yes, contractors are allowed to have some!?
November 16: Part V: Cost Analysis and Cost Realism and Their Expanding Roles in Contract Pricing
December 21: Part VI: Defective Pricing – Hazards & Defenses
*topics are subject to change*
2.0 credits per session; 20 credits for entire series
CPE (Business Law)
1.5 credits per session; 18 credits for entire series
1.5 credits per session; 15 credits for entire series for AK, AZ, AR, CA, CO, FL, HI, ME, MT, NJ, NY, ND, OR, PA, VA, WI (if you need CLE for a state not listed, call us.)
0.15 credits per session; 1.5 credits for entire series
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 1.5 PDU credits per session; 15 PDU credits for entire series
Thursday, December 21, 2017 1:00 PM - 2:30 PM
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