Contract Price/Cost Analyst

Job Title

The job duties include:

Performing price and cost analyses on the various elements of major contractor proposals, reviewing the significant direct and indirect cost elements such as: material, labor, overhead, general and administrative expenses, facilities, and engineering.

Developing and recommending price/cost objectives for negotiations.

Requesting, coordinating, and integrating into a comprehensive report the various pricing and technical evaluations of cost elements and subcontractors.

Reviewing the contractor forward pricing rate, final overhead rate, and cost impact proposals, conducting an in-depth analytical and judgmental evaluation of the proposal to determine reasonableness, accuracy, timeliness, and completeness.

Forecasting price trends, economic factors and efficiencies in production for future accounting periods using analytical techniques such as random sampling, cost models, learning curves, and parametric cost models.

Analyzing available data such as direct labor hours, the contractors past performance, costs of previous procurement, and/or standards and other techniques in producing like or similar items.

Reviewing and evaluating contract price proposals for adequacy and compliance with laws and regulations, and with the Cost Accounting Standards (CAS).