The IGCE is a cost estimate developed by the Government Requiring Activity, based on the requirements of the Performance Work Statement (PWS) or Statement of Work (SOW). An IGCE is required for every new acquisition that exceeds the simplified acquisition threshold (SAT).
What is an independent government estimate quizlet?
Independent Government Estimate (IGE) or an Independent Government Cost Estimate (IGCE). Government’s estimates of the resources and the costs of those resources a prudent Contractor will incur to provide the goods and/or services.
What is meant by Igce?
The Independent Government Cost Estimate (IGCE ) is used to assist in the determination of the acquisition strategy, as well as an estimated cost for the proposed effort.
What is a round table estimate?
Round table and comparison are the two types of lump sum cost estimating. • Round table estimating entails experts developing the. estimate based on their technical expertise and knowledge of the market.
What is an independent government estimate CLC 222?
An Independent Government Estimate (IGE) is an unbiased cost estimate based upon the specifications and without the influence of potential contractor’s marketing effort or input.
What is an independent expenditure quizlet?
independent expenditures. Spending by political action committees, corporations, or labor unions that is done to help a party or candidate but is done independently of them.
How is Igce calculated?
COST ESTIMATION
The IGCE consists of the anticipated costs to include direct costs (labor, products, equipment, travel, and transportation), indirect costs (burden on labor such as fringe benefits and labor overhead), material overhead, general and administrative (G&A) expenses, and profit.
What is PCO in government contracting?
The individual authorized to enter into contracts for supplies and services on behalf of the government by sealed bids or negotiations, and who is responsible for overall procurement under the contract.
What does PCO mean in government contracting?
Procuring Contracting Officer
PCO: Procuring Contracting Officer.
What is a Class C cost estimate?
Class “C”: A class “C” estimate is prepared when a project is at the “Preliminary Design” stage. Preliminary design is when the space program of a project has, for the most part, been developed but additional changes or additions to the program are still being made.
How are government contracts priced?
Think about how much it costs (how much the government will pay for the product or deliverable)
Here are our top five tips to pricing a government contract.
- Bid or no-bid research.
- Know what it should cost.
- Identify companies that have won similar contracts and why.
- Dive into your indirect cost details.
How many tables do I need for 50 guests?
The math is pretty simple here if you want to just go with the blind rule of 1 table per 10 guests. That’s 5 cocktail tables for 50 guests and 6 tables for 60 guests.
What is an example of an independent expenditure?
An independent expenditure is an expenditure for a communication, such as a website, newspaper, TV or direct mail advertisement that: Expressly advocates the election or defeat of a clearly identified candidate; and.
Why are independent expenditures important?
The Political Reform Act (“Act”) requires committees making independent expenditures to file reports so that voters are fully informed about who is paying for the communications that urge voters to support or oppose a particular candidate or measure.
What is an example of an independent variable research quizlet?
Examples: If a scientist conducts an experiment to test the theory that a vitamin could extend a person’s life-expectancy, thenthe independent variable is the amount of vitamin that is given to the subjects within the experiment. You just studied 4 terms!
Which is an example of an independent agency quizlet?
Examples of Independent Agencies are the ICC, FCC, NLRB, and NRC. The National Labor Relations Board, the FEC, the FTC, the Federal Reserve Board, and the FCC.
What is an independent analysis quizlet?
– In independent analysis, a child’s speech patterns are described without reference to the adult model of the language of the child’s community. – In a relational analysis, which is more commonly used in clinical settings, a child’s speech is compared to the adult model of his or her speech community.
What is an independent executive agency quizlet?
Independent executive agencies. A federal agency who specializes in one area that is not part of a cabinet department but reports directly to the president. Example:CIA, NASA. legislative veto.
What is an independent agency quizlet Chapter 14?
An independent agency is an executive branch organization that. a. is part of a cabinet-level department. is established by Congress, but not part of a cabinet-level department.
What are the 3 types of independent agencies and what do they do?
There are three main types of independent agencies: independent executive agencies, independent regulatory commissions, and government corporations. We will examine each in closer detail below. purpose of independent executive agencies is to oversee and manage a specific aspect of the federal government.
Why are many of the agencies classified as independent quizlet?
Why are many of the agencies classified as independent? Congress wants them protected from political manipulation. Identify the main groups of agencies within the Executive Branch. How are Cabinet members selected for their position?