Contract Cost and Price Analysis

Why Attend

Obtaining fair and reasonable pricing from contractors and suppliers is a primary objective for all businesses and governments. Evaluating prices through Cost and Price analysis are essential skill sets in meeting these objectives Those involved in these activities understand well the significant challenges in this ever-changing business environment and also that there exist significant opportunities for improvement by providing best practice competencies to all those involved in contract and procurement activities. Attending this program will provide insight into:

Overview

Course Outline

Schedule & Fees

Course Methodology

Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing

Course Objectives

The Importance Of Price/Cost Analysis In Continuous Improvement Programmes; The Difference Between Price And Cost Analysis; Criteria For Selecting The Analysis Type; Methods Of Price Analysis; Knowledge of Supplier Strategic Alliances; Analytical Tools for Cost Drivers; Methods Of Cost Analysis; Development Of "Should Cost"; Types Of TCO Models

Target Audience

Target Competencies

n/a

DAY 1 - Defining Cost Savings Opportunities

Reducing The Cost Of Purchased Goods And Services
Contract’s Savings Impact On The Bottom Line
Understanding Where To Focus Your Efforts
Supplier Pricing Models
Develop Opportunity Hypotheses
Cost Reduction Reporting Procedure
Continuous Improvement Skill Sets

DAY 2 - Performing Price Analysis

Difference Between Cost And Price Analysis
Selection Tool
Methods Of Price Analysis
Historical Analysis
Using Price Indexes
Calculating Change
Developing the Organization’s Contract Price Index

DAY 3 - Performing Cost Analysis

Methods Of Cost Analysis
Major Elements Of Cost
What And How Important Are Supplier Overheads
Developing “Should Costs”
Requesting Supplier Cost Info
Issues In Analyzing Supplier Cost Breakdown
How much Profit should the Supplier make

DAY 4 - Other Important Valuation Criteria

Industry Analysis
Global Industrial Labor Rates
Working With Currency Exchange Rates
Total Costs Of Ownership Models
Reengineering Processes to reduce Cost
Cost Volume Profit Analysis
Defining Value Analysis?

DAY 5 - Controlling Contract Pricing in Volatile Markets

Dealing in Volatile Economic Situations
Contract Economic Adjustment Clauses
Continuous Improvement Methods
Early Supplier Involvement
Reducing Waste In The Supply Chain
Savings Reporting
Get The Big Savings Now

$4475

Barcelona

Country: Spain

Duration: One week

Date: 27–31 Oct 2025

$1475

Nairobi

Contract Cost and Price Analysis

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

$4475

Country: Spain

Duration: One week

Date: 27–31 Oct 2025

$1475

Country: Kenya

Duration: One week

Date: 04–08 May 2026