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Begin with Block 1, 'Direct Labor'. Enter all proposed labor categories such as project director and senior analyst, along with the estimated hours for each. Calculate the estimated cost by multiplying hours by the hourly rate, and sum these costs in the Total Direct Labor row.
Move to Block 2, 'Overhead'. Input your overhead percentage based on known rates or use a standard rate of 120% of total direct labor. Place this calculated amount in the total estimated cost column.
In Block 3, 'Materials/Services', list all necessary supplies and services excluding IT. Ensure you detail any equipment needed for project completion.
For Block 4, 'Information Technology Support', specify any IT-related supplies and services required for your project.
In Block 5, estimate travel costs by combining airfare, per diem, and local travel expenses. Use average trip costs multiplied by estimated trips.
Block 6 requires you to list any subcontractor or consultant costs. Itemize these based on past experiences or expected needs.
Finally, in Block 7, itemize any other direct costs not covered previously and total them in the final column of Block 8.
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The contracting officers representative (COR) prepares the IGCE. The estimate remains confidential between the COR and the contracting officer. The U.S. Government may not provide this information to contractors unless the CO determines it to be appropriate during negotiations or debriefings.
How to develop an IGCE?
The IGE may also be referred to as a Government Estimate (GE) or an Independent Government Cost Estimate (IGCE). This Handbook will use the term IGCE since it will focus primarily on the common elements of costs that may be found in an IGCE for Services Acquisition.
How to create a cost estimate?
Contents Break down the project scope into deliverables or phases. Estimate the duration of each deliverable or phase. Calculate the cost of each task and deliverable. Add external costs. Calculate the total project cost estimate. Get your quote approved internally. Share the estimate with your prospect or client.
How to develop IGCE?
Tips for preparing the IGCE Use prior historical rates and information if applicable. Structure the IGCE to identify and address each subtask in the SOW. Include all cost elements for goods and services for each task/requirement. Include detailed breakdowns of estimates for material and travel.
igce example
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