Procurement System Review Program - E-Learning Courses
Procurement 101
This e-learning course will help grant recipients ensure their procurements are compliant with federal, state, and local procurement rules and regulations. This training will also prepare recipients for FTA audits, particularly Triennials, State Management Reviews, and Procurement Systems Reviews (PSR).
During a review, procurement practices are evaluated to determine compliance with federal regulations, FTA policies, and other established guidance. Procurement is one of the 23 review areas with the highest rates of findings. The primary objective of this training is to increase recipients’ understanding of the requirements of procurement.
Cost and Price Analysis
This e-learning course will provide recipients with an understanding of the fundamentals and best practices for procurement cost and price analysis as required by 2 CFR 200, the Federal Acquisition Regulations (FAR), and other federal third-party contracting requirements. After taking this e-Learning course, recipients will be able to define price and cost analysis; discuss key regulations and guidance pertaining to cost and price analysis; describe the importance of conducting an independent cost estimate; outline the process of completing an independent cost estimate; describe the steps of a price analysis versus a cost analysis; describe how to document cost analysis and negotiations; and finally, compare types of contracts. This e-Learning course should be helpful in mitigating procurement findings during State Management and Triennial Reviews.
Independent Cost Estimates
This e-learning course will provide recipients with an understanding of the mandatory procurement requirements related to conducting an independent cost estimate (ICE). An ICE is the starting point for conducting a cost or price analysis and is required for all procurements exceeding $250,000, the current Federal Simplified Acquisition Threshold, including change orders and contract modifications. Estimates are prepared independently from vendor price offers (i.e., without the influence of persons who have a financial interest in, or will be considered for, the resulting award). The lessons from this e-Learning course will be helpful in mitigating procurement findings during State Management and Triennial Reviews.