Book Description: Get the Contracting Answers You Need to Do Your Job Better! Anyone involved in government contracting whether a contractor or a federal contracting professional knows how tough it is to learn the contracting process and stay on top of the ever-changing rules, regulations, and details. Federal Contracting Answer Book, Second Edition, provides clear, succinct answers to questions on all aspects of federal government contracting, particularly procedures and regulations. The straightforward, practical approach allows for quick and easy access to critical information, while providing valuable insights into the changing landscape of federal government contracting. -Understand how the federal government evaluates an offeror's price through market research, independent government estimates, competition strategies, terms and conditions, and risk factors. -Discover how the government evaluates an offeror s cost build-up, including cost estimating systems and individual cost components.-Learn the changes in ethics regulations to ensure compliance with the law.-Secure a government contract by applying procurement methods used in federal acquisition. NEW! Federal Contracting Answer Book, Second Edition, provides updated information about how the government makes an award decision, the key components required for negotiation, and the increased emphasis on procurement integrity. New chapters on costing and pricing offer insights into what the government looks for in evaluating an offeror's proposal.