Cost Analysis for Federal Contracting Officers
Cost/Price Analysis for Federal Contracting Officers
Federal Pricing Group provides cost and price analysis and cost estimating expertise to Federal Contracting Officers which enhances the Government’s negotiating position and helps our Federal clients secure a better deal for the American taxpayer.
We understand the Cost Analysis Challenges Federal Contracting Officers face
Contracting Officers face increasing pressure to get contracts awarded – FASTER and often lack experienced staff to perform adequate cost analysis. Specifically, hasty or inadequate Cost Analysis can lead to the following outcomes during acquisition, resulting in inefficient rework, schedule-killing bid protests, or "leaving money on the table" in negotiations:
- Inefficient Discussions: Weak Cost Analysis methodology, combined with poorly developed clarification questions, creates unnecessary labor for the Government and Contractors, resulting in schedule delay and additional cost resources to resolve clarification items.
- Protests:
Contractor protest due to inadequate Cost Analysis requires additional resources, and schedule delay, to address the protest. A sustained protest makes the impact significantly worse.
- Weaker Negotiations: Poor or incomplete Cost Analysis limits opportunities for the Government to challenge proposed costs and negotiate better deals for the taxpayer.
With limited budgets and even more limited resources to perform the work, Contracting Officers need to look for new ways to maintain acquisition schedules and budgets. Federal Pricing Group can help Contracting Officers operate within budgets and tight deadlines.
Our Cost Analysis Services
Cost & Price Analysis for Solicitations
Federal Pricing Group helps Federal Contracting Officers meet their FAR obligations for Cost Analysis and Cost Realism. Our diverse background and adaptability to varying Contracting Officer evaluation techniques enables delivery of comprehensive and on-time analysis products. Contact Federal Pricing Group to learn how you can expedite your required Cost Analysis and Cost Realism activities.
- Cost Analysis and Cost Realism Reports
- Expert-level analytical support, including template development, development of assessment methodologies, and market research
- Generation of questions for Technical Evaluation Committee (TEC) review, and unbiased review of TEC cost realism inputs
- Detailed and methodical probable cost estimates based on TEC recommendations
- Cost Reasonableness adjustments based on clearly documented Ground Rules and Assumptions
- Generation of questions for Cognizant Audit Organization review
Independent Government Cost Estimate (IGCE) Analysis & Support
Federal Pricing Group has the analytical and estimating background, as well as experience building comprehensive IGCE's, to rapidly create internal Federal Government estimates for use in developing and evaluating Federal solicitation documents. Federal Pricing Group can efficiently perform any of the following services for Federal organizations:
- Perform relevant market research
- Develop IGCE cost estimating models
- Provide inputs to Federal RFI's
- Review and synthesize Federal RFI data