Course

Competency Module: Cost, Price, and Value Analysis

Name: Competency Module: Cost, Price, and Value Analysis
Author: NIGP

Date: 03/14/2025
Start Time: 10:00 AM Eastern Time
End Time: 7:00 PM Eastern Time
Level: Foundation
Format: Virtual Instructor-Led
Contact Hours: 8
CEUs: 0.8

Focus Areas:

Planning and Analysis
Cost, Price, and Value Analysis

When working with end users and stakeholders, the ability to synthesize and incorporate various financial data in support of the most competent decisions is a powerful tool for the public procurement professional. By evaluating cost and price data, procurement professionals can better justify expenditures based on the public need.

Pricing:

Price	Cost	Begins	Ends
Competency Module: Cost, Price, and Value Analysis (Member: Early)	$260.00		01/13/2025
Competency Module: Cost, Price, and Value Analysis (Member: Standard)	$325.00	01/14/2025	03/12/2025
Competency Module: Cost, Price, and Value Analysis (Non-Member: Standard)	$425.00		03/12/2025

Competency Module: Cost, Price, and Value Analysis (Member: Early) $260.00
Competency Module: Cost, Price, and Value Analysis (Non-Member: Standard) $425.00
(prices valid until Jan 13, 2025)

Spots available: 24

Objectives

By the end of this course, students will be able to:

Evaluate cost and price data to determine total cost of ownership to an entity.
Compare the price of a commodity against the benefit to be derived by the entity to determine whether the expenditure is justifiable.

Intended Audience

This offering is targeted to individuals who meet or exceed the following professional demographics: 

Entry-level public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, or equivalent functions within their respective entities.

Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.  
Professionals who are employed by governing entities and special authorities (such as K-12 and higher education, publicly-owned utilities, transportation providers, and other publicly-funded or created organizations) that either serve within or manage the procurement function. 
Suppliers or representatives of suppliers seeking to understand the public procurement function from a holistic level, including the policies, standards, and procedures by which public entities must function.

Completion Requirements

In order to successfully earn a digital badge in the Cost, Price & Value Analysis competency, learners must:

Complete any pre-work materials provided prior to the course start date.
Attend and participate in the entirety of the instructional event.
Complete the post-course evaluation survey available in Aspire.
Complete the final assessment examination with a score of 71% or higher.

Competency Alignment

Get a Core Certificate: Foundations of Planning & Analysis by adding these competency modules:

Standardization
Requirements Planning and Understanding

Miscellaneous

Payment Information

Register online with credit card
Register online and upload a Purchase Order
Register by fax and download the print & fax form

*FORM OF PAYMENT MUST ACCOMPANY REGISTRATION FORM FOR ORDER TO BE PROCESSED

Methods of Payment Accepted: Check (make checks payable to NIGP), Purchase Orders (via print and fax form or online), and Credit Cards (Master Card, Visa, and American Express).

If paying by check, please make check payable to NIGP and send payment to:
NIGP, Attn: Seminar Registration
440 Monticello Avenue Suite 1802
PMB 63452
Norfolk, VA 23510

Sessions

March 14, 2025

Competency Module: Cost, Price, and Value Analysis

March 14, 2025
Competency Module: Cost, Price, and Value Analysis

Cancellation Policy

Registration and payment must be received 24 hours prior to the course start date. After this time, registrations will be based on space availability.  A full refund, less a $75 administrative fee will be given for cancellations made in writing 31+ days prior to the seminar date by emailing RegistrationInfo@nigp.org. No refunds are given for cancellations received within 24 hours of the seminar start date. There are no refunds for no-shows. If the seminar is cancelled for any reason, NIGP's liability is limited to the registration fee only.

Attendee substitutions within the same agency may be done at any time with email notification to NIGP. If attending via scholarship, please provide documentation verifying the scholarship issuer's name and contact information in lieu of payment information.

Register Today