Igce Essay

1939 words - 8 pages

  Running head: Independent

The Independent Government Cost Estimate and the Statement of Work
Regina M. Grant
Strayer University

Overpayment, poorly written cost estimates, unreliable cost estimate, inadequate or no IGCE, and inadequate payments for goods and services contracted seems to be the theme throughout recent Department of Veterans Affairs (VA) Office of Inspector General Audits of its various VA departments’ acquisition program offices (VA OIG AUDITS 2009). These audits found major problems with its acquisition process due to unauthorized, wasteful or questionable costs resulting in the government losing millions of dollars on bad contracts. This ...view middle of the document...

The Federal Acquisition Regulation requires that Contracting Officers ensure that the final contract cost and price is fair and reasonable (FAR 15.404-1a) which suggests that cost estimates for procurements must be conducted. According to Compton, the IGCE is the estimated cost or price of supplies or services to be purchased for the federal government and it is an essential step in the federal government’s acquisition process (Compton, 2010). It serves as a best estimate of what the cost of a project will be based on a series of assumptions and provides a structured method promoting a full understanding of the statement of work. The IGCE is a tool that the government uses to determine reasonableness which is the key to the entire procurement process. Properly developed IGCEs provide managers with a tool to defend make trade off decisions and manage acquisition requirements throughout the life cycle of the contract (Ipsaro).
Why is the IGCE important? The IGCE is essential to the government acquisition process for many reasons to include to making program funding prioritization decisions; evaluating resource requirements; developing performance measurement baselines; and developing annual budget requests (GAO-09-3SP 2009). In accordance with the FAR 2.101, the IGCE is a required element of a proper contract processed for supplies or services over the simplified acquisition threshold ($100,000.00). The IGCE is the government’s estimated cost or price of the anticipated acquisitions to include the resources and projected cost of the resources a contractor will incur in the performance of a contract. It serves as the basis for reserving funds for the contract as part of acquisition planning; comparing costs or prices proposed by contractors; and determining price reasonableness in bid responses to solicitations (Department of State,14 FAH-2 H-351.
A well-prepared IGCE equals success in the acquisition planning process ultimately achieving reasonable contracts with cost saving benefits to the government. It establishes a good foundation that allows Contracting Officers and Program Offices to award sound contracts. This effort will ensure that the bona fide need rule is met; appropriated funding is available; cost estimates are based on the requirements/statement of work; and due diligence in preparing through research of industry data, appropriate pricing tools and methodology, and various economic considerations (Compton).
The Confidentiality of the IGCE
There are many reasons why the IGCE must remain confidential, such as, it’s the law as cited in the FAR; it protects the government from fraud, waste, and abuse; and primarily it is a fiduciary responsibility of every federal employee engaged in the federal acquisition process. Protecting procurement sensitive data, such as an IGCE, is done on several levels and there are many ways to maintain IGCE confidentiality. For purposes of this paper, I will highlight...

Other assignments on Igce

Course Syllabus Essay

2610 words - 11 pages [pic] COURSE SYLLABUS Semester: Fall, Year: 2012  College Mission Statement Richard J. Daley College provides high-quality education which leads to academic success, career development, and personal enrichment that fulfill diverse community needs. Mathematics Department Mission Statement Our mission is to deliver excellent service and to provide learning opportunities by offering a wide range of mathematics courses, which will help our

Management Essay

1477 words - 6 pages Boeing Management Planning Heather Oetzel MGT 330 October 22, 2012 Joe Cheng Abstract Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us", 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the

Assisted Suicide

1015 words - 5 pages Should physician-assisted suicide be legal? While I believe if one chooses to end his or own life through physician assistance for reasons that they chose, the choice should be up to the individual. Physician-assisted suicide should be at one's discretion. “Assisted Suicide, also called Voluntary Euthanasia, is currently a contentious issue in many countries. Because Euthanasia is legal in a few modern democracies: the Netherlands, Belgium

Tanglewood Case 1

797 words - 4 pages Tanglewood’s staffing strategy requires the organization to make key decisions about the acquisition, deployment, and retention of the organization’s workforce. In order to accomplish this, Tanglewood’s must make thirteen decisions regarding its staffing levels and its staffing quality. One of the first decisions that Tanglewood needs to choose is to acquire or develop talent. Tanglewood should try to develop their current talent because one


1391 words - 6 pages Есе по въпроса: Кои от всички „действащи” лица могат да се разглеждат като морално отговорни и в какво именно? по казуса Форд „Пинто” Корпоративните злодеяния са нанесли повече вреди на обществото от всички улични престъпления взети заедно. Според данни на ФБР сумата от уличните престъпления възлиза на $3.8 млрд. годишно, а загубите от корпоративните измами между $100 млрд. и $400 млрд. годишно

The Penis

1052 words - 5 pages The short story ”The Penis” is written by Hanif Kureishi. The short story is about a penis, which has been separated from its owner Doug, who we hear from later on. At first though we hear about a guy called Alfie who was “a cutter – a hairdresser – and had to get to work”. He is having breakfast with his wife, when she asks him what he did last night, and if he had a good time last night? Alfie can not remember what he did last night, he then

Managed Care Paper

543 words - 3 pages Managed Care and Case Management Care Marvin Lloyd BSHS/402-Case Management 27 August 2012 Virgil Miller Managed Care are techniques employed to help reduce the cost for providing health benefits and a system for improving organizations quality of care


439 words - 2 pages The life expectancy is lower; so people are not kept alive with drugs for decades in a virtual sleep state. There is less state education; so kids don't have it drilled into them that their only goal in life is to make money, at the cost of 'everything' else. The health care is less; so diseases, usually brought by Westerners, kill many more than they do in countries where drug companies can make a fortune from selling medicines that aren't

Chapter 6 International Business

7113 words - 29 pages CGGGG The Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U.S. Magnesium

Scope And Goals

279 words - 2 pages Introduction: Kudler Fine Foods is a specialty food store based in San Diego, California with its three locations in La Jolla, Del Mar, and Encinitas. Kudler Fine food prides itself on offering fresh and organic products that are carefully selected from local farmers and around the world. The organization has recently taken the initiative to start a Frequent Shopper Program to market and increase sales. This program will offer the customers a


251 words - 2 pages Meerkat The meerkat or suricate, Suricata suricatta, is a small mammal belonging to the mongoose family. Meerkats live in all parts of theKalahari Desert in Botswana, in much of the Namib Desert in Namibia and southwestern Angola, and in South Africa. A group of meerkats is called a "mob", "gang" or "clan". A meerkat clan often contains about 20 meerkats, but some super-families have 50 or more members. In captivity, meerkats have an average

Similar Documents

Mgt216 Essay

714 words - 3 pages The first ethical issue presented in the ethics game simulation was whether to warn consumers about the contaminated product and what information to provide consumers about the contaminant. The second ethical issue was whether to sell a product that does not meet U.S. safety requirements in a foreign market that has lower safety restrictions. G-BioSport was not required to meet prior approval from the Federal Drug Administration before they

Economy Effect Of Marijuana Essay

277 words - 2 pages Modern American History by Alan Renga 2nd Mid Term! You will be given 3 Short Essay questions and 20 Multiple Choice questions deriving from this list! 80 points total! The 1920s Warren Harding then Calvin Coolidge Tea Pot Dome 1st Red Scare Immigration Restriction, Sacco and Vanzetti Langston Hughes, Marcus Garvey, KKK Prosperity, advertising Prohibition, Al Capone Flappers, Clara Bow, Rudolph Valentino Babe Ruth, Jack Dempsey

The Vc Shakeout Essay

2033 words - 9 pages ECONOMY 26 Luring a big firm to town is not the secret to job growth DEFEND YOUR RESEARCH 30 Are morning people wired for success? VISION STATEMENT 32 The social web’s east-west divide COLUMN 38 Warren Bennis looks back on his surprising path to fame New Thinking, Research in Progress hbr.org New Thinking, Research in Progress hbr.org FIRST The VC Shakeout Venture capital hasn’t worked for a decade and must be radically

Hospitals Paper

6014 words - 25 pages I hope to provide in this paper a comprehensive understanding for what the term “hospital” has become. Hospitals are an extremely complex system that man has created and shaped and reshaped throughout history. My goal in writing and researching this paper will be to provide those who read it a clear understanding on how the hospital system got to where it is today, and to shed some light on the many organizations that affiliate with and