Independent Cost Estimate (ICE).pdf

The document outlines the requirement for an Independent Cost Estimate (ICE) by KCDC, based on historical data or current market conditions, as mandated by specific regulations. It specifies the necessary details to be included in the ICE, such as examining past contract prices, utilizing cost estimates from suppliers, referencing published catalogs or price lists, employing price calculation methods like RS Means, or consulting with professionals for cost information. The ICE should provide a breakdown of costs, assumptions made, and be completed by a designated individual with their title, signature, and date.