Forward Pricing Rate Agreement
This event qualifies for 13 CPEs
This event qualifies for 11 CLPs
Proposals, Negotiations, Audits: a review of the requirements, process, negotiations, audits and an analysis of the latest developments in the use of Forward Pricing Rate Agreements (FPRAs), Forward Pricing Rate Recommendations (FPRRs) and Formula Pricing Agreements (FPAs) in government contracting
An FPRA is a written agreement between the Government and a contractor. The Government will enter into an agreement with a contractor who has a significant volume of pricing activities with the Government. An FPRA can be an efficient way to establish rates as baselines for pricing all contracts, modifications, and other contractual actions that will be performed during the period covered by the agreement. With an FPRA in place, the contractor and the Government save the time required to develop new estimates for bidding on new work during the agreement period.
Both the Government and the contractor have the responsibility to determine if any conditions change that affect the validity of the agreement, rates, and estimates.
Contractors should note that all FPRAs and/or FPAs (Formula Pricing Agreements) submissions must be prepared and supported with cost or pricing data that are accurate, current, and complete.
In addition, FPRAs must include the specific terms and conditions covering the expiration, application, and data requirements for the systematic monitoring of rates to ensure their validity.
In any price proposal, contractors must specifically describe the FPRAs, if any, to which the rates apply. Contractors must also identify the latest cost or pricing data already submitted in accordance with the agreement.
The purpose of this workshop is to:
- Review the advantages and requirements to consider in FPRAs and FPAs
- Outline the basic process in the preparation, negotiation and audit of FPRAs and FPAs
- Analyze the latest developments and initiatives in the use of FPRAs, FPRRs, and FPAs
- Identify and explain the applicable FAR and DFARS rules, regulations and contract terms and conditions
- Review the audit procedures applicable to FPRAs
- Explain the rights, responsibilities and remedies available to both the Government and the contractor in FPRAs and FPAs
Speaker and Presenter Information
Jean Labadini has 35 years of experience with the Defense Contract Management Agency (DCMA) –retiring as the Director of the CPSR Group. In this role, Jean leads the group of Procurement Analysts in performing their mission to review contractor purchasing systems. Jean personally developed and provided training to each of the CPSR Hub sites, drafted a Guide to Planning and Conducting CPSRs, DCMA Work Instructions associated with Advance Notification and Consent and CPSR reviews. Jean has also served as an Administrative Contracting Officer (ACO), a Divisional Administrative Contracting Officer (DACO), and a Systems Administrative Contracting Officer (SACO).
Relevant Government Agencies
GSA, Federal Government
This event has no exhibitor/sponsor opportunities
When
Tue, Jun 13, 2017, 9:00am - 4:00pm
Cost
Attendee: | $1275.00 |
Where
Executive Conference and Training Center
22685 Holiday Park Dr #60
Sterling, VA 20166
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Website
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Organizer
Federal Publications