Acquisition Financial Management

Understands and applies financial management concepts and practices related to acquisition activities.

Key Behaviors
  • Works with project officer to develop cost estimates.
  • Uses financial analysis to evaluate cost and price proposals.
  • Selects the appropriate funding terms and/or conditions for a given contract.
  • Tracks expenditures to ensure compliance with contract terms.
  • Analyzes and renegotiates cost/price of contract as appropriate.
  • Maintains a working knowledge of financial systems utilized in acquisitions, including cost accounting and reporting systems.
  • Understands and monitors overall financial performance indicators and formulates accurate conclusions and/or projections based on credible financial information.

Developmental opportunities for this competency are available from the NIH Training Center.

What was the best thing about this page?
What was the worst thing about this page?
Do not include personally identifiable information (PII). Please review our privacy policy.

Can we make this page better?

Let us know if you can't find the information you need, have a suggestion for improving this page, or found an error.

If your question requires an immediate response, please use the Contact Us form.

Do not include personally identifiable information (PII). Please review our privacy policy.