Developing an Independent Government Cost Estimate
This three-day, elective course covers the Independent Government Cost Estimate (IGCE). IGCE is the detailed estimate of the cost to the government of the supplies or services to be acquired. The estimate is independent in that it is the government’s own, in-house estimate and is not based upon information obtained from contractors or vendors from which offers (proposals or bids) will be solicited. In effect, the IGCE is the forecast of the price that a responsible, prospective contractor should propose for performing the specified work.
• Understand the necessary steps in developing a cost estimate
• Use the IGCE as a justification for acquisition planning budget requests
• Understand the elements necessary in an IGCE to support determinations of cost reasonableness and realism
• Use the appropriate estimating methods in developing an IGCE
• Use the IGCE to support elements of the Draft Statement of Work (SOW)
• Determine how IGCEs are used to support proposal evaluations, negotiations, and award decisions