U -- Costing and Pricing Strategies

This seminar focuses on practical strategies for effectively costing and pricing products and services by thoroughly examining indirect cost allocation and its impact on pricing scenarios. Participants will learn to accurately establish indirect rates that reflect the true cost, optimize cost recovery, and create competitive pricing models. The course also aims to equip management with timely and precise information to support daily decision-making. Topics covered include the identification and formation of various cost pools such as primary, secondary, fringe benefits, overhead, general and administrative expenses, as well as cost allocation bases. Additional areas discussed are direct labor cost calculations, treatment of uncompensated overtime, allowable versus unallowable costs, profit guidelines, and specific rate determinations for subcontracts, material handling, and other direct costs, culminating in forward pricing rate methodologies. The seminar is scheduled for Wednesday, November 14, 2007, from 9:00 AM to 2:00 PM, with a registration fee of $150. Interested participants can register by phone, fax, email, or online through NOVA PTAC's website. The point of contact for further inquiries is Mary E McGuire, a Procurement Assistance Specialist, reachable by phone or email. This offering falls under NAICS code 611310, which generally relates to educational services, and it is designed to support organizations in refining their cost accounting practices to enhance financial management and pricing competitiveness.