| Description |
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This Online Training (OLT) course provides an introduction to defective pricing. What is defective pricing? Is defective pricing a contract remedy? Are there instances where defective pricing requires a legal remedy? During this course, we will discuss the requirements of the Truth in Negotiation Act, the definition of Cost or Pricing Data, Subcontractor Defective Pricing, the Statute of Limitations, Offsets, the importance of the Price Negotiation Memorandum, and Contract Audit Follow-Up procedures. In this course, learners will follow the defective pricing process flow from a DCAA auditor’s post award audit assignment through defective pricing settlement. Students will be required to use the DAU-developed Contract Disputes Act Interest Calculator to calculate mandatory interest for overpayments. This course was developed by auditing, legal, and contracting personnel and is intended for multi-functional teams.
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Objectives
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Download Course Objectives
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Target Attendees
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OCC Series 1102s, Contract Attorneys, and DCAA Truth in Negotiation Compliance Auditors involved in Defective Pricing Cases.
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Prerequisite(s)
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None
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Predecessor Course(s)
(Acceptable substitutes for meeting current course prerequisite and certification standards)
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| Predecessor |
Predecessor Course Title |
PDS Code |
Accepted Until |
| None |
None |
None |
None |
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Course Length
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Approximately 3 hours to complete
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Additional Course Information
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| Delivery Mode |
Distance Learning |
| Equivalent Courses |
N/A |
| ACE Recommended Credits |
None |
| PDS Code |
HGX |
| Walk-ins Authorized |
N/A
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| Pre-work required |
No
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| First Offering |
2/15/2022
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Continuous Education Units |
0 |
| Continuous Learning Points |
3 |
| Reservist Retirement Points |
1 |
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Historical Allocations |
Click here |
| Fulfillment Eligible |
N/A
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| Technical Requirements |
Click Here |
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Notes
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- 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).
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