Job Description
OCT Consulting is a business management and technology consulting firm that supports Federal Government clients. We provide consulting services in the areas of Strategy, Process Improvement, Change Management, Program and Project Management, Acquisition/Procurement, and Information Technology.
Responsibilities and Duties OCT currently have 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.
Day to day responsibilities include:
● 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.
● 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)
● 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)
● Deep understanding of FAR regulations and Cost Account Standards (CAS)
● Proven ability to build Independent Government Cost Estimates (IGCEs) from scratch
● Advanced proficiency in Excel is preferred
● Ability to obtain and maintain required security clearance; background investigation may involve credit, fingerprint, and law enforcement agency checks
● Fully remote/telework position with requirement to use camera during Microsoft Teams meetings when directed
OCT offers competitive compensation packages and a full suite of benefits which includes:
● 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
Salary Range: $100,000 - $120,000 yearly commensurate with experience, education, etc.
About OCT Consulting OCT Consulting LLC is a Small Business (SB) providing professional services and information technology solutions to the Federal government and commercial clients. Founded in 2013, we bring the agility of operations and a management team with a track record of leading successful engagements at major Federal government agencies.
At OCT we believe in creating a work environment where employees can thrive based on their abilities, skills, and achievements. We are dedicated to providing career growth and professional development based on individual merit and fostering a workplace where everyone’s contributions are valued and recognized. Information needed for Posting (will not be part of the PD posted on Workable: (These items will also be reviewed in the Position Kick-off Meeting
