Are there any cost proposal evaluation tools available?
One of our operations groups is seeking to assist a client and was asked to help them find available cost proposal evaluation tools. A. We would suggest a course offered by the National Transit Institute (NTI) at Rutgers University titled “Cost and Price Analysis and Contract Negotiation.” It is a four-day course offered free of charge to FTA grantees but it is also open to the public for a fee. You can contact NTI at (732) 932-1700 or on the Internet at http://www.ntionline.com/. (Reviewed: July, 2010) Q. What are the tools available for cost analysis? A. The FTA Best Practices Procurement Manual, Section 5.2 – Cost and Price Analysis, discusses various tools for cost analysis. The BPPM is available online at: http://www.fta.dot.gov/library/admin/BPPM/toc.html (Reviewed: July, 2010) Q. When using cost analysis, how are the direct/indirect costs, fringe benefits, and overheads evaluated? A. The Best Practices Procurement Manual, Section 5.2Cost and Price Analysis discusses the issues i
