Job Details

Principal Contracts Specialist

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Job Type


Years of Experience

Min 7 yrs required


Plymouth, MN

Date Last Verified

Aug 23,2017

Posted on

Jul 03,2017
Practice Area
Contract Law >> Contract Law
Government and Government Relations >> Government and Government Relations
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Principal Contracts Specialist The candidate will foster positive customer relationships and leverage to provide critical strategic intelligence to program team to expand business and influence customer requirements, program/contract terms and contract structure. Integrate with the discretionary funding planning process to ensure compliance with IR&D regulations. Ensure the company’s Intellectual Property is properly identified, protected and/or licensed. Integrate with Business Strategy Teams (BSTs) to optimize contract structure and business terms, and coordinate strategic agreements, when appropriate (e.g., partnering and teaming agreements). Develop a clear understanding of customer and program requirements that harmonize with company business strategy to ensure contract structure and business terms are aligned with both. Review terms and conditions to address provisions and risks of financial terms, acceptance criteria, delivery requirements, warranty, intellectual property, termination provisions, indemnification and all other potential risk areas and recommend risk mitigation strategies. Recommend changes, additions, and deletions to the contract structure to ensure accurate reflection of customer requirements and alignment with company’s program strategy and risk mitigation. Negotiate profit and provide profit justification to the customer, ensuring that the profit/fee is consistent with and appropriate for the contract type, identified program risks, market standards, internal investment requirements, and working capital considerations. Identify business risks associated with contract in partnership with mission assurance. Ensure flow down of required terms and conditions to subcontractors and that subcontractor terms and conditions are appropriate for the work being performed in relation to the prime contract. Lead the development of a comprehensive negotiation strategy/plan working in conjunction with Program Team. When applicable, lead Integrated Product Teams (IPT’s) in preparation for negotiations. Define negotiation parameters through delegation process (including goals/limits). Negotiate appropriate contract type, scope, price, profit and terms. Execute cost or pricing data certificate where required. Lead delegation process, ensuring assembling delegation package and proper sign-offs. Establish equitable payment terms, facilitate timely payments through coordinated oversight with Finance of invoicing process, and ensure customer compliance with payment terms. Ensure that the contract and statement of work are consistent with pricing assumptions to effectively manage financial risk related to contract terms and conditions, and that the underlying cost estimate is consistent with and appropriately addresses performance risk. Implement the change management process and coordinate with Program Management to ensure compliance. Monitor contract cost performance in concert with Program Business Management and Finance. Verify with Program Manager that all technical requirements have been properly reviewed and a clear technical baseline is included in contract documents. Ensure that a verified schedule baseline is included in contract documents. Following contract award communicate (together with the PM) contract, program schedule and SOW requirements to program team. Ensure compliance with program schedule as outlined in contract. Bachelor Degree; J.D./MBA preferred. 7+ years of minimum experience in contract management, direct Department of Defense contracting experience preferred. Experience managing government contracts both at the prime and subcontract levels and proven experience in negotiating complex proposals required. Excellent: computer skills; verbal and written communication skills required. Knowledge: of EAC process, cash flow, and strategic planning process; of change management process required. Extensive knowledge of Federal Acquisition Regulations and ITAR requirements required. Knowledge of Sarbanes Oxley; Experience working with BAA's, RFQ's, and complex engineering and manufacturing proposals; Government contracting experience; Experience in Deltek Cost Point preferred.

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Job ID: JLM20172906-40214

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