Cost Estimating & Price Analysis SME (15.39)

OCT Consulting, LLC • Washington, DC

5h • Remote

About The Position

OCT Consulting is a business management and technology consulting firm that supports Federal Government clients, providing consulting services in Strategy, Process Improvement, Change Management, Program and Project Management, Acquisition/Procurement, and Information Technology. OCT currently has an opening for a Cost Estimating & Price Analysis SME to support a client. This position is contingent upon contract award. The SME serves as the dedicated resource that provides day-to-day support to facilitate cost estimating and price analysis activities. This person will deliver comprehensive cost/pricing support across contractual instruments, including but not limited to micro-purchases, simplified acquisitions, large contracts, Government Purchase Cards, Interagency Agreements, BPAs, Task Orders, Call Orders, and all federal contract types. They will also assist with Independent Government Cost Estimates (IGCEs) and reviewing cost and price proposals submitted in response to announced procurements. OCT Consulting LLC is a Small Business (SB) founded in 2013, dedicated to providing career growth and professional development based on individual merit and fostering a workplace where everyone’s contributions are valued and recognized.

Requirements

• Bachelor's degree in Accounting, Finance, Economics, Business Administration, or related field
• 10+ years of experience in federal government contracting, specifically focused on cost and price analysis
• At least 5 years of direct experience performing complex cost analysis for diverse contract types (Fixed Price, Cost-Reimbursement, T&M)
• Deep understanding of FAR regulations and Cost Account Standards (CAS)
• Proven ability to build Independent Government Cost Estimates (IGCEs) from scratch
• Ability to obtain and maintain required security clearance; background investigation may involve credit, fingerprint, and law enforcement agency checks

Nice To Haves

• DAWIA or FAC-C Level II or III in Contracting (Highly Desired)
• Certified Cost Estimator/Analyst (CCEA) from the International Cost Estimating and Analysis Association (ICEAA) (Preferred)
• Advanced proficiency in Excel is preferred

Responsibilities

• Independent Government Cost Estimates (IGCEs): Identifying appropriate cost estimating approaches relative to the nature and size of the procurement; Collaborating with client offices to develop IGCEs using commonly accepted methodologies; Supporting Agency Offices and Contracting Officers in preparing cost evaluation plans and assisting with subsequent evaluation of proposals, quotations, and bids.
• Cost Proposal Preparation: Drafting cost proposal preparation instructions for solicitations. This includes recommending sample cost exhibits and instructions that facilitate equitable evaluation of costs across multiple proposals, quotations, or bids.
• Proposal, Quotation, and Bid Evaluation: Developing price evaluation plans; Reviewing and analyzing cost proposals, quotations, and bids; Providing pre-award price and cost analysis support to ensure fairness and reasonableness.
• Cost and Price Contract Administration Support: Compiling and maintaining Agency historical cost data to support development of a cost database; Reviewing Contractor submissions for all pricing components; Validating option pricing prior to exercise to ensure currency and reasonableness; Assisting Contracting Officers with cost and price analyses related to contract terminations; Updating and maintaining necessary files and documentation.
• Process Improvements: Review, maintain, and recommend improvements to the client’s cost estimating structure to enhance efficiency, accuracy, and consistency.

Benefits

• Medical, Dental, and Vision insurance
• Retirement savings 401K plan provided by an industry leading provider with 3% employer contributions of the employee’s gross salary
• Paid Time Off and Standard Government Holidays
• Life Insurance, Short- and Long-Term disability benefits
• Training Benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 11-50 employees