Federal Acquisition Concepts and Contract Types (FACCT) is a dynamic and comprehensive course designed to provide an in-depth understanding of the federal acquisition process. Delve into key aspects of the Federal Acquisition Regulation (FAR), laying a robust foundation for successfully navigating the complexities of government contracting. Explore a range of procurement methodologies and contract types and gain the knowledge and skills to manage contracts effectively at every stage of the acquisition lifecycle. Through engaging learning experiences-including presentations, practical exercises, expert briefings and targeted assessments-you will build a strong proficiency in federal acquisition.

What you will learn:

• Build your contract management skills: Develop the expertise to efficiently manage federal contracts, mastering the roles and responsibilities of both government and contractor stakeholders.
• Explain the federal acquisition process: Gain deep insights into the federal acquisition system, with a thorough understanding of how it functions during both the pre-award and post-award phases of federal contracting.
• Navigate the federal acquisition regulation (FAR): Become proficient in navigating the FAR, the cornerstone of all federal contracting activities. Dive into its structure, content and practical application, while also exploring the FAR supplements and contract pricing reference guides used by executive agencies like the Department of Defense (DoD).
• Identify contract types and procurement methodologies: Explore the various contract types employed in federal acquisition, understanding their strategic applications and implications. Gain insight into the government's growing focus on firm fixed-price contracting, and how to effectively leverage this approach.

This is the first course in the three-course Federal Contract Management Certificate Program.

Earn 2.1 Continuing Education Units (CEUs).