Independent Government Cost Estimate
Independent Government Cost Estimate

An Independent Government Cost Estimate (IGCE) is a detailed and realistic estimate of the costs that the government expects to incur for a particular procurement. The IGCE is used as a baseline for evaluating contractor proposals and ensuring fair and reasonable pricing.

How It Is Written:

  1. Purpose: Clearly state the purpose of the IGCE and its importance in the procurement process.
  2. Scope: Define the scope of the work or services to be estimated, including any assumptions and constraints.
  3. Methodology: Describe the methodology used to develop the cost estimate, including the sources of data, calculations, and any tools or models employed.
  4. Cost Breakdown: Provide a detailed breakdown of the estimated costs, including direct and indirect costs, labor, materials, equipment, overhead, and any other relevant categories.
  5. Assumptions: List all assumptions made during the estimation process to provide context and justify the estimated costs.
  6. Risk Analysis: Identify potential risks and uncertainties that could impact the estimated costs, and explain how they were accounted for in the estimate.
  7. Comparison: Compare the IGCE to historical data, market research, or similar projects to validate its accuracy.
  8. Review and Approval: Ensure the IGCE is reviewed and approved by the appropriate authorities, with signatures included.

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