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Commercial Item Determination Virtual Class
March 1, 2017 @ 2:00 pm - 3:30 pm$197
Contracting with the federal government can be expensive and burdensome. However, in 1995, Congress passed the Federal Acquisition Streamlining Act which simplified procedures and contract requirements for the procurement of commercial items. This exception to the Truth in Negotiations Act provides significant relief by reducing bureaucracy, oversight and administration by using commercial items. Unfortunately, over the past two decades, many agencies are leaning back to the onerous processes and oversight as hurdles are being created that block attempts to use commercial item acquisition and make the significant benefits harder to realize.
This virtual class will provide insight into the first step in the process for using commercial item acquisition – the creation of a commercial item determination – aka the “CID”. Our instructors will review current guidance and help set out expectations for preparing and evaluating CIDs. Whether you are buying or selling commercial items, this is your opportunity to learn practical approaches to maximize the use of commercial item acquisition procedures and bypass the burden associated with cost justified pricing administration.
Upon completion of this session the participant should know:
- Important requirements and advantages of commercial item (goods and services) contracting for the buyer and seller
- Market research and documentation strategies and tactics for commercial item determinations
- Key requirements for CIDs as outlined by procurement officials
- Recent trends and developments affecting commercial item acquisitions
Continuing Education Credits
1.5 CLE/ 0.15 CEU/ 1.5 CPE credit may be earned for this course. This course is recommended for 2.0 CLP credits.
This course has been approved for CLE in CA, PA, VA and TX. Because this activity has been approved in another CLE jurisdiction, you may also receive credit for participation in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, and WI (additional state requirements may apply). If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact us for additional information.
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 1.5 PDU credits.
The Public Contracting Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.