Description
This course is available as a one- or three-day offering. This elective course will cover the importance and general requirements of the Independent Government Cost Estimate (IGCE), a detailed estimate of the cost to the government of the supplies or services to be acquired. You will learn what an IGCE is, how it is used, and how to prepare one using the proper tools and techniques. This course will review the uses of an IGCE, as well as the factors that affect it, such as the costs, requirements, and cost estimating.
Learning Objectives
- Understand the necessary steps in developing a cost estimate
- Utilize 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
- Determine the appropriate estimating methods in developing an IGCE
- Evaluate how IGCEs are used to support proposal evaluations, negotiations, and award decisions
NCMA Competencies
A.1, A.3, B.1, B.2, B.4, B.5, B.6, C.1, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0, 2.1, 2.2, 2.3, 3.0, 3.1
Course ID
IGCE 1-EL
IGCE 3-EL
Length
1 or 3 Days
CLPs
8 or 24
PDUs
8 or 24
Modality
In-person
Virtual