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CON 7180 Price Negotiation Memorandum (Last Modified:19-Aug-2024)   Description This Online Training (OLT) course covers the documents that are used to obtain approval to negotiate and document what occurred during negotiations. The Federal Acquisition Regulation (FAR) utilizes the terms pre-negotiation objective and price negotiation memorandum at FAR 15.406-1(a) and FAR 15.406-3(a), respectively. This course will address why we write Pre-Negotiation Objective Memorandum (PNOMs) and Price Negotiation Memorandum (PNM)s; provide guidance and on how to write an effective PNOM or PNM; and provide examples of expected PNOM and PNM content. This course may be taken as a standalone course. It is also a component of the Advanced Proposal Analysis - Indirect Costs, Profit, and Documentation Credential although we recommend taking the Advanced Proposal Analysis - Direct Costs and Cost Modeling Credential first. View video to learn more about this course. Objectives Download Course Objectives Target Attendees Any acquisition professional who is involved in cost analysis, negotiation, and documenting the results of any resulting agreement. Prerequisite(s) None Predecessor Course(s) Predecessor Predecessor Course Title PDS Code Expires On None None None None Course Length Approximately 3 hours to complete Additional Course Information Delivery Mode Online Training Equivalent Courses None Availability All PDS Code 04U Walk-ins Authorized N/A Pre-work required No First Offering 2/22/2024 ACE Recommended Credits None Continuing Education Units   0 Continuous Learning Points  3 Reservist Retirement Points  1 Historical Allocations Mouse Over for Past CEU/CLPs Fulfillment Eligible N/A Technical Requirements Click Here Notes Any exams in this course must be passed with a minimum score of 80%. There is no time limit for completing this course. After completing the course, please be sure to complete the survey at the end. The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).