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Cost Reimbursement Contracting Workshop

This event has been cancelled. If you have any questions, please contact the event planner directly.

Summary

One of the biggest challenges of providing goods and services to the Federal Government is the use of cost-reimbursement contracts. A cost-reimbursement contract allows the government to award contracts that involve significant financial and technical risk with flexibility that is not possible under a fixed-price type contract.

Under a cost-reimbursement contract, the government takes on the risks rather than the contractor. To help protect the taxpayer, the Government has established complex oversight policies and procedures for awarding, administering and closing out cost-reimbursement contracts. These include the application of the Federal Acquisition Cost Principles (FAR Part 31) that govern the allowability and reimbursement of contract costs incurred during the performance of the work. The rules and regulations surrounding cost-reimbursement contracts are constantly changing – through law, regulation and legal interpretation. Accordingly, this course is designed to assist personnel involved in the award or administration of a cost-reimbursement contract.

This course is designed to address the life-cycle of the cost-reimbursement contract. Your instructors will provide insights and explanations on the cost-reimbursement contract on the identification of the need, source selection, price and cost issues, payments through provisional billing and final rate determination and final closeout of the contract.

 

Continuing Education Credits

CLP 

This course is recommended for 16 CLP credits.

CPE (Finance)

16 credits may be earned for this course. 

 

CEU

1.13 credits may be earned for this course.

 

CLE

11 CLE (Pending approval in VA). 

 

CLE Jurisdiction Approval

  • This course has been approved for CLE in CA, OH, and PA, and is pending approval in VA. 
  • PCI is an accredited sponsor, approved by the State Bar of Texas, Committee on MCLE. If credit is needed in TX, please contact PCI at least 45 days prior to the training. 
  • Through reciprocity, CLE may also be received in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, OR, WA, WV, and WI (additional state requirements may apply).
  • If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact Jess@PublicContractingInstitute.com.



PDU

This course can be submitted to Project Management Institute (PMI) for PDU.  Upon their approval, it may be worth 11 PDU credits.

 

 CPE

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