IGCE Omar Coley ACQ 501 Government Acquisition Strayer University Dr. Villarreal Summer Quarter of 2016

Introduction This paper will discuss the importance of an Independent Government Cost Estimate and the reasons why it is imperative that it remains confidential. A sample cost estimate will be created based on a ten year construction contract with a two million dollar budget. Next, there will be a review of the different types of statement of work and a selection on the one that would be most appropriate for the hypothetical construction contract. Importance of the IGCE In a nutshell the IGCE is doing research on what the potential cost of a product or service is before going out to get quotes. What this does is protect the government from being a victim of price...