U -- Business Tool for Success-Costing and Pricing Basics

The Business Tool for Success-Costing and Pricing Basics seminar, scheduled for Monday, July 10, 2006, from 9:00 AM to 4:00 PM, offers an introductory course on developing an indirect cost structure to accurately determine product or service costs and establish competitive pricing. Designed to equip management with timely and precise financial data for decision-making, the seminar covers fundamental topics such as basic costing and pricing principles, the distinction between direct and indirect costs, calculation of hourly rates, cost grouping, and allocation of support costs. Attendees will engage in two case studies focused on changes in product or service mix affecting profitability and the impacts of increased subcontracting versus in-house performance. The seminar fee is $150, which includes course materials and lunch. It will be held at the Mason Enterprise Center, Procurement Technical Assistance Program, located at 4031 University Drive, Suite 200, Fairfax, VA. Registration can be completed through the website at www.vaptap.org, and additional information or inquiries can be directed to the Procurement Technical Assistance Program via phone at [phone hidden] or [phone hidden]. The course is identified under solicitation number 071020061 and is classified under NAICS code 611310. The point of contact for this offering is Procurement Assistance Specialist Mary E. McGuire.