Contract Price/Cost Analyst

Job TitleThe job duties include:- Performing price and cost analyses on the various elements of major contractor proposals, reviewing the significant direct and indirect cost elements such as: material, labor, overhead, general and administrative expenses, facilities, and engineering.- Developing and recommending price/cost objectives for negotiations.- Requesting, coordinating, and integrating into a comprehensive report the various pricing and technical evaluations of cost elements and subcontractors.- Reviewing the contractor forward pricing rate, final overhead rate, and cost impact proposals, conducting an in-depth analytical and judgmental evaluation of the proposal to determine reasonableness, accuracy, timeliness, and completeness.- Forecasting price trends, economic factors and efficiencies in production for future accounting periods using analytical techniques such as random sampling, cost models, learning curves, and parametric cost models.- Analyzing available data such as direct labor hours, the contractors past performance, costs of previous procurement, and/or standards and other techniques in producing like or similar items.- Reviewing and evaluating contract price proposals for adequacy and compliance with laws and regulations, and with the Cost Accounting Standards (CAS).