9Track D

Awarding, Managing and Auditing Contracts

• 09/10/2025
• 08:00 a.m. - 05:00 p.m.
• 8 hours

Course Description

You are a grant manager and you need to have contractors help you achieve your grant objectives.  Does your organization have the administrative knowledge of the various Federal requirements to ensure that the contract is awarded properly?  Is the proper contract type being used?  Does your organization perform a cost and price analysis before awarding a contract?  If you cannot answer yes to all these questions, then this course may help you.

 In order to meet the grant objectives, recipients are required to obtain goods and services through contracts, The purpose of this course is to assist you in managing, reviewing or auditing contracts issued using Federal funds. Gain the knowledge and skills necessary to develop a forward-pricing proposal to address how to evaluate a contractor's estimate of costs to perform a government contract. Develop a historical cost audit to determine whether the contractor is entitled to be reimbursed for costs claimed on contracts. Learn how to use the Federal Acquisition Regulations (FAR) and the Cost Accounting Standards to determine the allowability, allocability and reasonableness of costs. Learn how indirect allocation rates are applied to contracts.

What You Will Learn

• Upon the completion of this course, you will be able to;

  • Explain the requirements under 2 CFR 200 for contracts awarded under grants.
  • Compare different types of contracts allowed under grants.
  • Understand the grantee’s responsibility in awarding and managing contracts
  • Describe the role of auditors and others involved in awarding, managing and closing out contracts awarded under grants.
  • Describe the types of contract audits and the specific purposes of price proposal and historical cost audits.
  • Determine the allowability of costs using acquisition regulations and cost accounting standards.

 

Who Should Attend?

APIPA conference sessions are intended for island government accountability professionals.  Audit, budget, finance, accounting, and related management and staff members will find interest and value in this presentation.

Instructors