The Independent Government Cost Estimate and the Statement of Work Research Paper

The Independent Government Cost Estimate and the Statement of Work - Research Paper Example The report evaluates the importance of the importance of the IGCE and provides reasons for confidentiality of the IGCE. It also proposes actions that should be taken in order to maintain the confidentiality of the IGCE. The report also provides a detailed cost estimate for the project. In this report, the types of statement of work (SOW) in regard to compatibility with this contract have been evaluated to determine the most appropriate type of statement of work (SOW) for this contract. Importance of the IGCE The Independent Government Cost Estimate is very important in the acquisition process. This is because the Independent Government Cost Estimate will assist in determining the rationality of a contractor’s cost and technical proposals and gain assurance that there is a congruence in ideas between the Federal Government’s contract awarding office and contract vendors pertaining to the scope of the contract. Secondly, the Independent Government Cost Estimate will assis t in developing and presenting the position of the Government. An Independent Government Cost Estimate is normally based on actual costs (NAVSEA, 2013). Third, when an Independent Government Cost Estimate is in place, it will help to avoid or to alleviate against major risks and adverse consequences. This will improve the probability of purchase and project success. Furthermore, the Independent Government Cost Estimate will enable resource managers to plan and budget confidently because it offers a reasonable assurance of cost. It will determine the selection of sources because it acts as a baseline for cost or price evaluation (Ipsaro, 2011). This is what will help in the determination and choice of the right offeror. An Independent Government Cost Estimate helps the Government in cost estimation and supports government defense if a vendor loses the competition and protests the decision (Ipsaro, 2011). This Independent Government Cost Estimate will be used to speed up the process o f contract award because it a solid Independent Government Cost Estimate. The Independent Government Cost Estimate is important because it will be used by contracting officer’s technical representatives to estimate a reasonable cost or price of a contract modification when changes in scope occur during the contract’s period of performance. Contracting officer’s technical representatives monitor a contract’s cost or budget schedule during a contract’s administration (Ipsaro, 2011). Further, this Independent Government Cost Estimate will be essential in estimating contract cost with accuracy and confidence. This is because the Independent Government Cost Estimate will use market research to obtain data that will be used for price analysis. Such market research data will include labor standards, analysis of cost trends for direct labor and material, to avoid past inefficiencies creeping into the proposal. The Independent Government Cost Estimate will determine whether the elements of the offeror are realistic for the work to be performed. It will also help in determining and establishing whether offerors reflect a clear understanding of the requirements of the contract. Third, the Independent Government Cost Estimate will help in establishing the consistency of the contractors with the unique methods of performance and materials that will be described in the offerors’ technical proposals (Engelbeck, 2002). Finally, the Independent