Date: December 15, 2021
Time: 1:00 p.m. - 3:00 p.m. (Eastern)/ 10:00 a.m. - Noon (Pacific)
Who should attend: Due to the limited amount of seats, the live webinar is open only to USG personnel. The video of the webinar will be available for viewing on the website within 24 hours after the webinar concludes.
Event Slides: Subcontract Pricing_StrikingBalance_14 Dec 21.pptx
Join DAU faculty Dr. Renee Butler and Professor Michelle Currier for a special edition of the DPC "Striking the Balance” series featuring Ms. Shannon Prince, Field Support Representative with Headquarters Air Force, SAF/AQCP.
Ms. Prince will discuss the importance of striking the balance between recognizing the prime's responsibility for awarding subcontracts to responsible sources at reasonable prices, with the Contracting Officer's responsibility to provide goods and services to support the warfighter at fair and reasonable prices for the taxpayer.
Ms. Prince will discuss the basics of evaluating subcontract business deals including topics such as important thresholds for obtaining data, commercial subcontracts, sole source cost and price analyses, consent to subcontract, long-term agreements; and why early engagement with the prime is critical.
Shannon Prince is a Senior Procurement Analyst specializing in cost/price analysis with the Field Support Team in the Office of the Deputy Assistant Secretary (Contracting) at Headquarters Air Force, SAF/AQC. In this role, she develops and delivers cost/price training, assists in shaping pricing-related policy and strategy, and provides support and advice to teams across the Air Force. Ms. Prince also serves as a subject matter expert and provides targeted training and guidance in the areas of commercial pricing, source selection pricing, and subcontract pricing.
With 20 years of Government service, 17 of those years focused on pricing, Ms. Prince has held several pricing and contracting positions all within the Air Force at Wright-Patterson AFB. Prior to her current position at SAF/AQC, Ms. Prince was a Cost/Price Analyst in the Pricing Division, Directorate of Contracting at Headquarters Air Force Material Command (AFMC). In that role she provided training, support, and guidance to the acquisition workforce, provided expertise to the DFARs Pricing Committee, and she was a pricing subject matter expert in commercial acquisitions, source selections and subcontracts. Previous to her position at AFMC, Ms. Prince was the Lead Cost/Price Advisor for the Acquisition Center of Excellence (ACE) in the Air Force Life Cycle Management Center (AFLCMC). In that role she provided pricing related training, was the standing pricing representative for Multi-Functional Independent Review Teams, helped shape competitive best practices and strategy for reasonableness, realism and unbalanced pricing, and was an advisor for the competitive and sole source teams that utilized the ACE services for their efforts.
Ms. Prince has also held additional positions including Cost/Price Analyst in the AFLCMC Pricing Division and Contract Negotiator with both the Flight Training Systems Program Office and the Wright-Patterson Base Operational Contracting Division. As part of these assignments Ms. Prince developed and presented both pricing-related and contracting-related training to a host of diverse audiences, represented pricing for CO study groups and new employee training, administered base-level contracts, conducted operational-level competitions, and evaluated, priced and negotiated multi-million/multi-billion dollar actions that were both sole source and competitive for programs such as NETCENTS II, F-16, F-15, F-22, C-17, C-5, B-1, B-52, and Predator/Reaper to name a few.
Ms. Prince holds dual Bachelor of Arts degrees in Accounting and Management Information Systems from Wright State University and a Master’s of Business Administration with a concentration in Finance from Wright State University. Ms. Prince has Acquisition Professional Development Program (APDP) Level-3 certification in Contracting, Level-1 certification in Program Management and she recently completed Air War College via the Distance Learning Program at Air University.