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Practical Guidance for Price Analysis

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Description


Description:  
Price analysis is a fundamental task of every acquisition. Contracting officers and primes must purchase goods and services at fair and reasonable prices as determined through price analysis. Even with competition, confirming and documenting price reasonableness can be a confusing task. Join us as we review the seven price analysis techniques addressed in FAR 15.404-1(b)(2) and some practical tips for evaluating different types of products and services. We'll discuss the composition of and factors that affect prices.

Learning Objectives:

  • Choose between seven price analysis techniques
  • Describe factors that affect prices
  • Define components of prices
  • Apply price analysis documentation best practices
CMBOK Competencies5.11, "Price Analysis"

Level of Difficulty: Intermediate

Intended AudienceGovernment contract sellers (industry). Also a useful perspective for government buyers.

Contributors

  • Robert Jones, CPA, CPCM, Fellow

    Robert Jones, CPA,  CPCM, Fellow
    President
    Left Brain Professionals, Inc.

    Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 17 years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $400 million in federal contracts. Mr. Jones earned his bachelor's degree from Queens University in North Carolina, and a master's degree from the College of Charleston in South Carolina.

March 10, 2022
Thu 12:00 PM EST

Duration 1H 30M

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