Part II: Commercial Item Pricing and Challenges in the Current Environment

Summary

This Virtual Training covers the second half of the commercial item acquisition process – Pricing!  The identification and documentation of the Commercial Item Description (“CID”) was covered in our April 5^th broadcast.

The determination of fair and reasonable pricing for the commercial item or service is probably the most challenging task for the contracting officer today. One of the principle challenges recognized today, is identifying and evaluating a price for a commercial item or service to be fair and reasonable.

This virtual class will prepare buyers and sellers to maximize efficiency with analysis tools and techniques that are provided in guidance available to federal oversight officials.

The instructor will review current guidance available – including the recently issued Commercial Item Pricing Guidebook – Part B, Pricing issued in February of this year.   We will also discuss industry best practices and provide some current, relevant examples to help fill the knowledge gap and close the loop on commercial item pricing.

Learning Objectives       

Upon completion of this session the participant should know:

• Price analysis tools and techniques to support fair and reasonable commercial item price determinations
• Guidelines available in several agencies to support to price analysis process for commercial items
• Additional layers of approvals placed on procurement officials when using commercial pricing
• Recent trends and developments affecting the ability of the contracting officer to award commercial item contracts

Part of the Cost and Pricing Trends Series!