Contracts subject to the submission of cost or pricing data (flexibly-priced contracts) require an acceptable basis of estimate, including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the proposed effort. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
In this course, you will learn:
- The elements of an adequate basis of estimate
- Three (3) regulatory limitations on profit or fee
- The purpose and calculation of weighted guidelines
- Common sources for escalation
Target Audience: Small business owners, Govcon accounting professionals