Maryland PTAC is offering this special workshop in two parts. The first part is to provide knowledge of how the Federal Government determines fair and reasonable prices when there is adequate competition. The workshop will help the attendees understand the process the Government uses to arrive at a decision to award the lowest evaluated price. This training will help the participants understand how to submit a price considering the additional factors that may be included by the government to determine the lowest evaluated price. We will also discuss the use of cost analysis where there is inadequate competition or use of a cost-type contract.
Attendees will participate in a discussion on how to determine the lowest evaluated price using the following examples:
- Transportation costs
- Administrative costs
- Government Furnished Equipment
- Small Disadvantaged Business
- HUBZone Evaluations
Mr. Gene Townsend will lead this workshop. Mr. Townsend has over 30 years in government contracting, cost and price analysis, Navy Comptroller and Chief Financial Officer. Mr. Townsend teaches cost and price analysis courses for several universities.