Template for Caluclating Costs (ICE help).pdf

The document provides detailed guidance on creating an Independent Government Cost Estimate (IGCE) for procurement purposes. It emphasizes the importance of safeguarding the IGCE, avoiding unfair competitive advantages, and seeking guidance when unsure. The IGCE is the government's projection of program costs and should explain any differences between the estimate and proposed costs. It distinguishes between Price Estimates (for routine market items) and Cost Estimates (detailed projections of all contract costs). Three common cost estimating methods are discussed: Lump Sum, Top-Down, and Bottom-Up. The Bottom-Up method involves detailed task-based cost estimation for accurate projections. The document includes templates and instructions for creating an IGCE, roles and responsibilities of involved parties, and definitions of key terms like Direct Costs, Fringe Benefits, and Cost Analysis.