Supply Chain Week: CPSR, Commercial Item Determinations & Price Analysis, Subcontract Management, and Managing Government Property
March 21 @ 10:00 am - March 25 @ 3:00 pm
One event on September 26, 2022 at 10:00 am
Supply Chain Week Dates Available:
Supply Chain Week
PCI is pleased to present this week-long series of courses designed specifically to cover the contractor business systems with compliance criteria that are primarily under the execution responsibility of supply chain professionals.
Each class may be taken on its own or you can sign up for the entire week to save over 35%.
To Register for Supply Chain Week: CPSR, Commercial Item Determinations & Price Analysis, Subcontract Management, and Managing Government Property click here.
Monday & Tuesday: Contractor Purchasing Systems Reviews
Wednesday: Commercial Item Determinations & Price Analysis
Thursday: Subcontract Management
Friday: Managing Government Property
Each course is designed to stand alone, however, the interconnectivity and relationships of compliance criteria among these three systems–as well as between the accounting, estimating, and earned value management business systems–are recognized and addressed by our instructors. Students will benefit from attending any one or all of these courses, depending on the extent to which they utilize/need to understand the body of knowledge.
Monday & Tuesday – Contractor Purchasing System Reviews (CPSR):
This is a comprehensive course addressing US Government contractor requirements related to letting subcontracts under government prime contracts. This course is recommended for individuals who are responsible for: US Government contractor purchasing or subcontracting; implementing and maintaining adequate purchasing systems and supporting US Government Contractor Purchasing System Reviews (CPSRs); and conducting oversight of purchasing systems.
Participants will learn:
- the background and requirements related to the CPSR;
- a basic understanding of policies, procedures and practices required to comply with the FAR;
- how to comply with contractual requirements for US Government contractors regarding implementation and maintenance of an adequate purchasing system;
- how to prepare a solicitation and identify sources;
- clauses to include in subcontracts;
- unique purchasing-related activities and events for US Government contracts;
- areas to address in purchasing policies and procedures;
- purchasing system contractual requirements; and
- the role of Government oversight.
Contractor Purchasing System Reviews (CPSR): $995
Wednesday – Commercial Item Determinations & Price Analysis:
The US Government relies on contractor cost representations to establish prices and/or reimburse actual costs. The buyer must demonstrate they took prudent business actions when determining prices paid to lower tier suppliers are fair and reasonable.
Contract requirements and regulations encourage buyers to acquire commercial items (goods and services) to the maximum extent practical and put the onus on them to justify their commercial item determinations (CID).
This course will:
- provide specific guidance–for both buyers and sellers–to justify and document CIDs;
- identify salient requirements for commercial item acquisitions, determinations and price analysis;
- teach participants to perform and document price analysis for goods and services acquired for US Government contracts and subcontracts;
- provide tools and techniques to support fair and reasonable pricing for commercial and non-commercial items; and
- discuss current trends and developments affecting commercial item acquisitions and price analysis.
Commercial Item Determinations & Price Analysis: $595
Thursday – Subcontract Management:
This course comprehensively explores FAR Part 44, Subcontracting, including:
- identifying and mitigating common risks encountered by contractors while subcontracting;
- identifying “best practices” and over-arching concepts inherent in federal subcontracting against the backdrop of applicable regulations and relevant case law; and
- exploring the practical nuances of subcontracting through an engaging and comprehensive question-and-answer dialogue between the instructor and industry professionals.
Subcontract Management: $595
Friday – Managing Government Property:
Concentrated training on the requirements for managing Government owned property (acquired property and furnished property) to ensure contractor and Government personnel will effectively manage the Property lifecycle per regulations and contractual requirements. This training will also include key points that will assist in resolving Property Management business system issues prior to occurrence. Includes point-by-point training on:
- Authority. Including allowability, allocability, and reasonableness
- Types of Government Property
- Item Unique Identification and other reporting requirements
- Self-assessments and Metrics
- Contractor obligations and Government responsibilities
- Property provided to Subcontractors
- Use of commercial practices, voluntary consensus standards or industry standards
- Understanding ownership and title on acquired property
Managing Government Property: $595
Upon completion of this course, the participant should:
- Know the concepts of US Government Property stewardship
- Understand the nature and intent of the US Government Property clause
- Know approaches used by DCMA to determine risk/vulnerability, and audit scope
- Know the techniques, expectations, and outcomes used by DCMA to audit specific aspects of the Property System including those related to:
- Use of Government Property
- Government-Furnished Property
- Contractor plans and
- Receipt of government furnished property and contractor acquired property
- Physical Inventory
- Subcontractor control
- Relief of stewardship responsibility and liability
- Utilizing Government property
- Property closeout
- Systems analysis
- Contractor inventory disposal
- Know strategies for avoiding or minimizing the effect of adverse Property audit findings