Resource Partner Event
Nov 16
NOTE: This event has expired.

Pricing Matters: Developing Your Cost or Price Proposal

Contracting

Date:
November 16, 2017 | 9:00 am CST - 11:00 am CST

Location Name:
Livingston Parish Literacy & Technology Center

Address:
9261 Florida Blvd, Walker, LA,70785

Organization:
LSDBC at Southeastern Louisiana University, Louisiana PTAC, Livingston Economic Development Council

Fee:
This is a free event.

Class Overview: Developing a pricing strategy is basic to any of your proposal efforts. Without it you are just slapping together costs and tacking a profit margin on the costs to arrive at price. This is not a pricing strategy – it is a costing mentality. Organizations which do not develop a specific pricing strategy for each opportunity are destined to lose. Join us for a discussion that will share useful tips when developing your cost proposal. Topics to be covered include: • Two Basic Groups of Contracts • Types of Specifications • Bid/Proposal Elements • Labor Element • Cost Element • Labor Burden: Payroll Expenses (FICA, FUTA, SUTA, Holiday pay) • Labor Hours • Fringe Benefits • Two Types of Costs: Direct and Indirect • Reasonable Profit • Contract Price • Unallowable Costs Speaker(s): Cindy Carrier - Louisiana PTAC