A 1 Day Hands-On TMS Experience
This workshop teaches government employees how to determine the correct contract type for each contracted effort. Learn how to properly use contract type as a valuable tool to motivate contractor performance and the effect that contract type has on areas critical to program success such as technical performance, logistics support, cost, and schedule. Attendees will learn how subjective evaluation of contractor performance in areas that are susceptible to judgmental and qualitative measurement and evaluation can be supported by objective measurement for Performance-Based Fee determination.
In this class, you will learn the ‘how-tos’ of Contract Type Planning and Implementation.
- Demonstrate why it is important to select the most appropriate type of contract and how to do so
- Identify and list the differences between fixed-price and cost contracts
- Demonstrate how incentive contracts work
- Distinguish between how level of effort and indefinite-delivery contracts work
- Apply the basic accounting rules that govern government contracting
- Explain what commercial items contracting and performance-based contracting involve
- Demonstrate ways to effectively and efficiently manage different types of contracts
- Calculate the cost implications of specific types of contracts
- Allocate the costs to contracts as prescribed by the regulations
Audience: This workshop is designed for government contracting and acquisition professionals
Toolkits: Each Participant will receive a Student Handbook and access to an Online Toolkit, containing tools such as checklists, tips, techniques, and numerous other tools to help you use your new skills immediately.
CPE Credits: 7.0
CEU Credits: 0.6
Suggested Program Prerequisites: None
Advanced Preparation: None
NASBA Program Level: Basic
NASBA Field of Study: Specialized Knowledge
Delivery Method: Group Live – Classroom