The Application and Utility of Independent Government Cost Estimates

Download or read book The Application and Utility of Independent Government Cost Estimates written by Charles A. Correia and published by . This book was released on 1974 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report concerns the policy and usage of Independent Government Cost Estimates (IGCE's) throughout the US Army Materiel Command's (AMC) major subordinate commands. A statistical analysis of a representative sample of production contracts is made comparing IGCE's, contractors' estimates, Government's price objectives and negotiated prices. The study objectives are to determine the influence of IGCE's on the price analysis/cost analysis estimates which are used to determine the Government's initial price objective; assess the relationship between the IGCE's and the contractors' proposed price; and determine the most effective method of using the IGCE in the contract cost estimating process. Based upon the analysis and interview with preparers and users of IGCE's, recommendations are made concerning policy and use of IGCE's within AMC. (Author).