What is an independent government estimate? An Independent Government Estimate (IGE) is an unbiased cost estimate based upon the specifications and without the influence of potential contractor’s marketing effort or input.
What is an independent government estimate IGE )? The IGE is a cost estimate developed by the government technical activity, based on the requirements (Supplies, Performance Work Statement (PWS), Statement of Work (SOW), or other specifications), and without the influence of potential contractors’ (marketing) efforts.
What is an independent government estimate CLC 222? What is an independent government estimate CLC 222
What is an independent cost estimate? Definition. A cost estimate, prepared by an organization independent of the project sponsor, using the same detailed technical and procurement information to make the project estimate.
What is an independent government estimate? – Related Questions
What is a government estimate?
It is the contracting officer’s job to ensure that the final contract price is both fair and reasonable, achieving both a best value and a shared risk contract between government and suppliers.
Who prepares an independent government estimate?
(3) To serve as an objective basis for determining price reasonableness. b. The contracting officer’s representative (COR) prepares the IGCE. The estimate remains confidential between the COR and the contracting officer.
Who develops the independent government cost estimate?
Officials at the departments in GAO’s review—Defense, Homeland Security, Health and Human Services, Education, Labor, and Housing and Urban Development—developed independent government cost estimates (IGCE) for 62 of the contracts GAO reviewed.
What are the only exceptions to final acceptance?
The FAR Inspection of Construction clause states that “Acceptance shall be final and conclusive except for latent defects, fraud, gross mistakes amounting to fraud, or the government’s right under any warranty or guarantee.”
When dealing with non compliance What is the most preferred solution?
What contract type puts the most risk on the contractor?
fixed price contract
The most common type of contract is the fixed price contract, also known as the lump sum or stipulated sum contract. Fixed price contracts carry more risk to contractors than owners.
What are the two types of independent government estimates?
Round table and comparison are the two types of lump sum cost estimating. estimate based on their technical expertise and knowledge of the market.
What is ice in procurement?
A. The independent cost estimate is a tool to assist in determining the reasonableness or unreasonableness of the bid or proposal being evaluated and is required for all procurements regardless of dollar amount.
What is Cost Analysis Requirements Description?
The Cost Analysis Requirements Description (CARD) is a complete, detailed description of a DoD program for use in preparing an ICE, POE, CCE, CCP, or other cost estimate, as required.
The foundation of a sound cost estimate is a well-defined program, and the CARD is used to articulate details about the program.
What is cost reimbursement contract?
Contracts & Legal
What is the difference between contracting by negotiation and sealed bidding?
Unlike sealed bidding, where price is determined at the time of bid opening, competitive negotiated procurements may provide an opportunity for a bidder to shift his position regarding price prior to award.
What are the three types of restrictions on funds?
Fiscal Law Constraints
What are the major sub categories of funding include?
There are three major types of funds. These types are governmental, proprietary, and fiduciary.
What are the streamlined method of acquisition?
Simplified Acquisition Procedures (SAP) are contracting methods designed to streamline the acquisition process and facilitate the procurement of goods and services. The results include less paperwork and lower costs for both the contractor and the Government.
Can an enemy prisoner of war be interrogated by contractor personnel?
(a) No detainee may be interrogated by contractor personnel. (2) Appropriately qualified and trained DoD personnel (military or civilian) are available to oversee the contractor’s performance and to ensure that contractor personnel do not perform activities that are prohibited under this section.
Which is the least preferred contract type because it places the greatest risk on the government?
Time and materials or Labor hour contracts have the biggest risk to the government. There is no specific deliverable and the government may not get what they want.
What is quality assurance surveillance plan?
The Quality Assurance Surveillance Plan (QASP) is the document government personnel use to assess contractor performance. The results of those inspections will then be used to document contractor performance. The QASP should be a “living” document and reviewed as performance warrants.
