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Developing an Independent Government Cost Estimate

This three-day, 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
  • Apply the IGCE to support elements of the Draft Statement of Work (SOW)
  • Evaluate how IGCEs are used to support proposal evaluations, negotiations, and award decisions

Pre-Requisites

None

Course ID

IGCE-EL

Length

3 Days

CLPs

24

Testimonials

“I would definitely recommend! It was very informational and practical!” – 2020 participant

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© 2021 Business Management Research Associates, Inc. | All Rights Reserved

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