Defence Single Source Virtual Workshop
The online Defence Single Source Training Workshop which will provide you with a framework within which your company can reach decisions about pricing and reporting relevant to their internal structure and methods.
Description
Single source defence contracts for the UK are regulated by law within a Single Source Procurement Framework established by Part 2 of the Defence Reform Act 2014. The law governs how contracts are costed, what profit is allowed, how pricing mechanisms work and gives MOD significant open book access to the contractor's data. Understanding the rules is therefore vital to ensure a price is valid and will withstand scrutiny.
WORKSHOP CONTENT INCLUDES:
- The Regulatory Framework
- Review of when legislation applies
- The pricing formula, allowable costs and profit calculation
- Pricing contract changes
- Converting pre-existing contracts to qualifying contracts
- Records, MOD access rights, confidentiality
- Reports and reporting
- Compliance, SSAT, SSRO, its powers and responsibilities
- Current issues relating to the Act, Regulations and statutory guidance, and prospective changes
- Treatment of contracts outside the Act
- THE PRICING FORMULA:
- Review of the latest allowable cost rules, and possible changes in the next update
- Review of contract profit rate risk and incentive adjustments
- Review of cost, contingency and risk estimation requirements and implications for suppliers
- Legislative changes planned by Secretary of State during 2021 and beyond
- Pricing of sub-contracts and changes
- Potential for lower value contracts and contracts for indirect articles to become qualifying contracts
- Proprietary item pricing
- MOD's rights to perform post award audit