Understanding Proposal Evaluations: Cost Realism Evaluations

Cost--to the government--must be considered in the award of EVERY contract, and cost realism evaluations are an essential part of the award of cost reimbursement contracts. An offeror’s “evaluated cost” could be much different than its “proposed cost,” and this may be the difference between winning and losing a contract. But do contractors understand how to maximize their chances for success in this part of their proposal? And do government personnel know how to perform a proper cost realism evaluation? This virtual class is for both contractor and agency personnel who need to have a better understanding of the cost realism evaluation process.

This virtual class will:

• Review the statutory and regulatory provisions affecting cost realism evaluations
• Examine when and why cost realism evaluations are necessary
• Analyze the types of cost information offerors need to provide in their proposals
• Understand what a cost realism evaluation is to achieve or accomplish
• Clarify the “burden of proof” in a cost realism evaluation
• Explain the roles of DCAA and DCMA in cost realism evaluations
• Explain the relationship between an offeror’s cost and technical submissions
• Discuss how proposed rate caps impact cost realism evaluations
• Discuss how FPRRs and FPRAs affect cost realism evaluations
• Describe how cost realism evaluations may affect technical evaluations