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# How is Igce calculated?

## How is Igce calculated?

What are the guidelines in generating IGCE?

1. The IGCE can be calculated using prior historical rates and information.
2. The IGCE should include detailed breakdowns of estimates for material and travel.
3. If/when applicable, the IGCE should include methodology used for estimating the level of effort required.

## Is an Igce required?

An IGCE is required for supplies or services that have a value over the simplified acquisition threshold. d. Estimating methods include comparison with previous buys, comparison of catalog or market prices, benchmarks or yardsticks, and grounds up estimates.

What is an independent government cost estimate Igce?

The Independent Government Cost Estimate (IGCE) creation tool allows individuals to build an IGCE using fully loaded labor rates from the CALC Tool, you can now easily build up your own labor rates by selectively adding indirect costs to base labor rate(s) you enter yourself.

### What is a Igce?

The Independent Government Cost Estimate (IGCE ) is used to assist in the determination of the acquisition strategy, as well as an estimated cost for the proposed effort.

### What is a reimbursement contract?

A cost-reimbursement contract is a contract where a contractor is paid for all of its allowed expenses to a set limit, plus additional payment to allow for a profit. Cost- reimbursement contracts contrast with a fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred expenses.

What is the purpose of an Igce?

The Independent Government Cost Estimate (IGCE) has the primary function of providing the contracting officer with an unbiased, realistic cost estimate for what is being purchased.

#### 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.

#### Which is an example of an igce format?

not present Background 4 Appendix 22 A-1, Sample IGCE Format for Firm Fixed P 23 A-2, Sample IGCE Format for Cost Reimbur 25 A-3, Knowledge-Based Services Example 27

How is the independent cost estimate ( igce ) calculated?

The IGCE can be calculated using prior historical rates and information. The IGCE should include detailed breakdowns of estimates for material and travel. If/when applicable, the IGCE should include methodology used for estimating the level of effort required.

## How does the igce help the Contracting Officer?

The contracting officer relies on the IGCE to assist in the determination of the acquisition strategy, as well as an estimated cost for the proposed effort. An under-estimated project can result in too little funding, delayed and iterative proposal processes, negotiation difficulties and delays, and other internal administrative problems.

## How is the development of the igce done?

Development of the IGCE may be accomplished using one or a combination of methodologies. Several methodologies for IGCE development are identified and briefly explained below. Often the proposed requirement is similar or a follow on to a previously performed requirement.