The Application and Utility of Independent Government Cost Estimates.

Abstract

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)

Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1974
Accession Number
ADA012795

Entities

People

  • Charles A. Correia

Tags

DTIC Thesaurus Topics

  • Contracts
  • Cost Analysis
  • Cost Estimates
  • Costs
  • Data Science
  • Governments
  • Information Science
  • Production
  • Statistical Analysis

Readers

  • Government Contracting/Procurement.
  • Life Cycle Cost Analysis