Cost Estimating and Price Analysis Specialist

Position Overview

Serves as the primary SME responsible for delivering comprehensive cost and pricing support across the full spectrum of FRTIB contractual instruments — from micro-purchases through large contracts, including Government Purchase Cards, Interagency Agreements, BPAs, Task/Call Orders, and all federal contract types.

Key Responsibilities

• Develop Independent Government Cost Estimates (IGCEs) using commonly accepted cost estimating methodologies


• Identify appropriate cost estimating approaches relative to procurement nature and size


• Draft cost proposal preparation instructions for RFQs and RFPs, including sample cost exhibits


• Develop price evaluation plans


• Review and analyze cost proposals, quotations, and bids for pre-award price/cost analysis


• Compile and maintain Agency historical cost data to support development of an FRTIB cost database


• Review contractor pricing submissions for all pricing components


• Validate option pricing prior to exercise for currency and reasonableness


• Assist with cost/price analyses related to contract terminations


• Review, maintain, and recommend improvements to FRTIB's cost estimating structure

Required Qualifications

• Extensive experience in federal government cost estimating and price analysis


• Demonstrated expertise in developing IGCEs using parametric, analogy, engineering, and/or actual cost methodologies


• Experience drafting cost proposal instructions and evaluating cost/price proposals in competitive procurements


• Strong knowledge of FAR Part 15 cost/price analysis requirements, FAR Part 31 cost principles, and price reasonableness evaluation techniques


• Experience supporting Contracting Officers in pre-award and post-award cost/price determinations


• Proficiency in spreadsheet modeling and cost database development (Excel advanced)


• Ability to compile, analyze, and present historical cost data trends


• Strong analytical and written communication skills

Performance Standard

≥95% of IGCEs and analyses accepted without substantive correction. Maximum remediation: 5 business days.