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Procurement Series II – Risk Assessment and Basic Cost or Price Analysis

Upcoming Deliveries  
  • March 4-8, 2019 – Fresno, CA
    Course Schedule:
    March 4, 2019  1:00pm – 4:30pm (registration 12:30pm – 1:00pm)
    March 5-7, 2019  8:30am – 4:30pm
    March 8, 2019  8:30am – 12:00pm   
  • March 18-22, 2019 – Tampa, FL
    Course Schedule:
    March 18, 2019  1:00pm – 4:30pm (registration 12:30pm – 1:00pm)
    March 19-21, 2019  8:30am – 4:30pm
    March 22, 2019  8:30am – 12:00pm   
  • April 15-19, 2019 – Portland, OR
    Course Schedule:
    April 15, 2019  1:00pm – 4:30pm (registration 12:30pm – 1:00pm)
    April 16-18, 2019  8:30am – 4:30pm
    April 19, 2019  8:30am – 12:00pm  
  • April 29-May 3, 2019 – Pittsburgh, PA
    Course Schedule:
    April 29, 2019  1:00pm – 4:30pm (registration 12:30pm – 1:00pm)
    April 30 – May 2, 2019  8:30am – 4:30pm
    May 3, 2019  8:30am – 12:00pm  
  • June 24-28, 2019 – Boston, MA
    Course Schedule:
    June 24, 2019  1:00pm – 4:30pm (registration 12:30pm – 1:00pm)
    June 25-27, 2019  8:30am – 4:30pm
    June 28, 2019  8:30am – 12:00pm 

Description:

The second of a four-part series *, this four-day course is designed to strengthen the procurement practices of transit authorities by improving the ability to perform cost and price analysis. This basic training helps build the sound financial management practices that are expected of organizations and agencies receiving direct grant support from the FTA. This revised course uses “best practices” and several hands-on exercises to augment explanations of acquisition strategies, design-build contracts, using data from cost and price analysis and price and cost certification. The effect risk has on different types of contracts and specifications are covered in great detail. The Best Practices Procurement Manual and Circular 4220.1F are referenced throughout the course. This course is conducted utilizing exercises, case studies, and other interactive training activities. A small calculator would be helpful for the class exercises.

* It is highly recommended that the four procurement courses be taken in the following order: Orientation to Transit Procurement, Risk Assessment and Basic Cost and Price Analysis , RFP”s and Competitive Contract Negotiations, and Contract Administration.

Topics

Topics include, but are not limited to:

  • Price or Cost Analysis
  • Effect of Price or Cost Analysis on Types of Contracts
  • Contract Modifications
  • Determination of Fair and Reasonable Price
  • Methods of Conducting Cost Comparison
  • Role Risk Plays in Pricing
  • Effect of Contract Type on Allocation of Risk
  • Effect of Specification Type on Risk Allocation
  • FTA’s Role in the Procurement Process

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Audience:

This course is for those currently engaged in procurement for federally funded transit agencies, contract administrators, project managers, procurement and contracting personnel wishing to improve their skills, transit suppliers, and FTA regional staff who review third-party contracting. Transit suppliers are encouraged to attend in order to understand the agency procurement function more thoroughly.

Length:  4 days

Fee:

  • $600.00 for Contractor, Consulting, Non-USA Transportation or Government Agency, Other
  • $600 for Non-Profit (USA only).
  • Free for all others.

CEUs: 2.6

Contact: 

Ginny Stern
gstern@nti.rutgers.edu

gstern, ManagementCompliance

Contact Us

  • P: 848-932-1700
  • F: 732-932-1707
  • nti_info@nti.rutgers.edu

Links

Federal Transit Administration
Rutgers, The State University of New Jersey
The Bloustein School of Planning and Public Policy
This site was funded by a grant from the Federal Transit Administration.

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