U -- Business Tools for Success: Costing and Pricing Basics

The contract outlines a seminar titled "Business Tools for Success: Costing and Pricing Basics," scheduled for June 19th, 2007, from 9:00 a.m. to 3:00 p.m. The event will take place in Training Room 100 at the Mason Enterprise Center in Fairfax, Virginia. This seminar serves as an introductory course on developing an indirect cost structure essential for accurately determining product or service costs, establishing competitive pricing, and providing management with timely information for operational decisions. The program covers fundamental topics such as basic costing and pricing principles, distinctions between direct and indirect costs, calculation of hourly rates, cost grouping, allocation of support costs, and forward rate projections. Two case studies will examine the impact of changing product/service mixes on competitiveness and profitability, as well as issues related to increased subcontracting compared to in-house contract performance. The registration fee for this seminar is $150, which includes materials and lunch. Interested participants can register by contacting Mary McGuire or Dana Slaughter via phone, or by using the provided online registration link. Mary McGuire, serving as the Procurement Assistance Specialist, is the primary point of contact for additional information. The event falls under NAICS code 611310, related to educational services, aimed at enhancing participants’ capabilities in costing and pricing for better business management and competitive strategy decisions.