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White graduation cap icon CON 7180  Price Negotiation Memorandum

Price Negotiation Memorandum

This Online Training (OLT) course covers the documents that are used to obtain approval to negotiate and document what occurred during negotiations. The Federal Acquisition Regulation (FAR) utilizes the terms pre-negotiation objective and price negotiation memorandum at FAR 15.406-1(a) and FAR 15.406-3(a), respectively. This course will address why we write Pre-Negotiation Objective Memorandum (PNOMs) and Price Negotiation Memorandum (PNM)s; provide guidance and on how to write an effective PNOM or PNM; and provide examples of expected PNOM and PNM content.

View video to learn more about this course.

REQUIRED PREREQUISITES

None

PREDECESSOR COURSES

TARGET AUDIENCE

Any acquisition profession who is involved in cost analysis, negotiation, and documenting the results of any resulting agreement.

NOTES

  • Any exams in this course must be passed with a minimum score of 80%.
  • There is no time limit for completing this course.
  • After completing the course, please be sure to complete the survey at the end.
  • The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).