| Description |
This online training (OLT) course provides an in-depth understanding of the administration of progress payments in accordance with Federal Acquisition Regulations (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS). Participants will learn to effectively manage progress payments, ensuring contractor financial stability and government fiscal responsibility throughout contract execution. The course covers the identification of financing requirements, cost basis for progress payments, and key aspects of FAR references related to progress payments. Additionally, participants will gain proficiency in conducting comprehensive risk assessments, processing and reviewing contractor’s requests for progress payments, conducting fair value tests, and managing progress payment requests through MOCAS and Wide Area Workflow (WAWF).
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Objectives
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Download Course Objectives
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Target Attendees
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Designed to enhance the skills and knowledge of professionals involved in the administration and management of progress payments in government contracts to include contracting professionals, financial analysts, government auditors, program managers, and legal advisors.
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Prerequisite(s)
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None
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Predecessor Course(s)
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| Predecessor |
Predecessor Course Title |
PDS Code |
Expires On |
| None |
None |
None |
None |
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Course Length
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Approximately 2 hours to complete
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Additional Course Information
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| Delivery Mode |
Online Training
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| Equivalent Courses |
None |
| Availability |
All
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| PDS Code |
AZ3 |
| Walk-ins Authorized |
N/A
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| Pre-work required |
No
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| First Offering |
8/30/2024
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| Required for: |
Credential
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| ACE Recommended Credits |
None |
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Continuous Education Units |
0 |
| Continuous Learning Points |
2 |
| Reservist Retirement Points |
1 |
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Historical Allocations |
Mouse Over for Past CEU/CLPs
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| Fulfillment Eligible |
N/A
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| Technical Requirements |
Click Here |
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Notes
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Additional Information:
- 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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