Fundamentals of Contracting

Management Concepts

How long?

  • 3 days
  • in person, online

What are the topics?

Management Concepts

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Who should attend

This course is intended for new program and project management professionals seeking their FAC-P/PM Entry level certification.

About the course

Federal project and program managers learn to describe the various contracting requirements in statements of work; concept of operations; and cost, schedule, scope, and support documents to provide planning for the intended procurement of programs or projects. You will examine the three phases of the acquisition life cycle: planning, contract formation, and performance - and administration, and gain a foundational understanding of Federal contracting. This course is verified to meet the requirements for Federal Acquisition Certification for Program and Project Managers (FAC-P/PM) certification at the Entry-Level.

Learning Objectives

  • Describe the purpose, goals, and roles and responsibilities of the federal acquisition system
  • Discuss the importance and key aspects of acquisition planning
  • Describe the elements of contract formation: solicitation, evaluation, and award
  • Explain the functions performed to terminate and close out a contract

Course Topics

Federal Acquisition Overview

  • Purpose, Vision, and Goals
  • Acquisition Life Cycle
  • Acquisition Roles and Responsibilities
  • The FAR System

Acquisition Planning

  • Overview
  • Definition and Benefits
  • Acquisition Plan Elements
  • Determine the Need
  • Analyze the Requirement
  • Extent of Competition
  • Source Selection Planning
  • Solicitation Terms and Conditions Planning
  • Summary of Acquisition Planning Phase

Contract Formation

  • Overview
  • Solicitation
  • Evaluation
  • Award
  • Summary of Contract Formation Phase

Performance and Administration

  • Overview
  • Initiation of Work and Modification
  • Quality Assurance
  • Payment and Accounting
  • Special Terms
  • Contract Closeout and Termination
  • Summary of Performance and Administration Phase

Putting it All Together

  • Lesson Overview
  • Understanding Roles and Responsibilities
  • Defining Project Processes
  • Recognizing how to Develop a Top-level Requirement to Fill the Agency’s Need
  • Defining Project Processes
  • Plan for Administering the Contract

Fundamentals of Contracting at Management Concepts

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