...Independent Government Cost Estimates and the Statement of Work Business 501 – Government Acquisition Evaluate the importance of the IGCE. Independent Government Cost Estimates is always a very important part of successful implementation and execution of effective acquisition programs both in the private as well as the Government sector. A cost estimate is a future projection of the values of goods and services and a forecast of the economics of these goods and services that are to be delivered in the future. Independent Government Cost Estimate is an economic projection for Government that provides with the detailed estimate of the costs of services and supplies. This estimation is generally acquired from the contractors. However the Independent Government Cost Estimate must be carried out as government own in-house estimate and no information must be obtained from the contractors. IGCE is an independent estimate by the government of what a responsible contractor should propose to government or private sector based on the statement of the work. (Independent Government Cost Estimate, 2016) A number of steps are required in conducting an IGCE and all of these steps must be followed to conduct a competitive estimation. The first step is to know the requirement, project and the services that are going to be procured. In this case we must know about the actual purpose of this two million dollar procurement. The Statement of Work is very important in this respect as it...
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...Discussion Question Week 1 By: Rashad C Wright Determine the three primary purposes of cost estimates. Predict two issues that could arise if a cost estimate is not conducted properly or at all. The IGCE serves as the basis for reserving funds during the acquisition planning period. Which means that it is used for comparing costs or prices proposed by offerors or applicants. The IGCE also serves as an objectives basis for determining price reasonableness. Agreement, Contracting, and Budget Officers review past government purchases to justify both price and costs of a product and services before awarding a contract. Also the ability to review current reasonable market price, provides an opportunity to negotiate realistic prices when the Government request corrections in the IGCE. There are three primary purpose of cost estimate. The primary purpose of cost estimates are: To reserve funds for the contract during the acquisition planning phase, As a basis of comparison for costs or prices proposed by prospective vendors, To determine price reasonableness if only one vendor responds to a solicitation. Reserving the funds for contracting during the acquisition planning phase is great because it helps with assisting preparation for upcoming budgets. Budgeting officers are able to ensure that allotted funds are available for government projects. The second primary purpose is the comparison for costs or prices proposed by prospective vendors. This importance of this purpose...
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...Professor: Daniel Goldsmith, DBA Email: Daniel.Goldsmith@strayer.edu Phone: 202-744-3467 COURSE DESCRIPTION This course provides an introduction and overview of government contracting and its unique nature, demonstrating the differences between commercial and government contracting, with a concentration on the federal system. Based on online resources, students cover the organization of the Federal Acquisition Regulation and how to interpret relevant subject coverage. Current reforms in the acquisition field will be incorporated into the course and emerging controversies will be highlighted to provide students with an up-to-date view of the profession. INSTRUCTIONAL MATERIALS Required Resources Compton, P. B. (2010). Federal acquisition: Key issues and guidance. Vienna, VA: Management Concepts, Inc. Feldman, S. W., & Keyes, W. N. (2011). Government contracts in a nutshell (5th ed.). St. Paul, MN: Thomson Reuters. Supplemental Resources Brown, T. L., Potoski, M., & Van Slyke, D. M. (2009). The challenge of contracting for large complex projects: A case study of the coast guard’s Deepwater program. IBM Center for the Business of Government. Retrieved from http://www.businessofgovernment.org/sites/default/files/deepwater_magazine_0.pdf Rendon, R. G. Critical success factors in government contract management. Retrieved from http://www.ippa.org/IPPC4/Proceedings/19Others/Paper19-2.pdf Schwartz, M. (2009). Defense Acquisitions: How DOD Acquires Weapon...
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...Introduction As the chairman of the evaluation panel for the $2,000,000, tower procurement, will use technical, cost, and price criteria to evaluate and determine the price reasonableness of vendors who propose on the requirement. This requirement has received adequate competition and will use a competitive range to increase the competitiveness of offeror’s proposals through negotiations. In determining price reasonableness, it will be critical to analyze the different methods of price analysis and determine if any benefit will arise from the use of these methods. Technical Evaluations The FAR expresses the government’s objective is to provide the best value product or service for customers, while maintaining the public’s trust and fulfilling policy objectives (Compton, 2010). “Proposing vendors are entitled to fair and impartial treatment in the source selection process, and they have a right to unbiased award decisions” (Compton, 2010, p. 142). Fair and impartial treatment is achieved in technical evaluations, by ensuring that technical proposals are evaluated in accordance with the evaluation criteria and requirements stated in Section M of the solicitation. Integrity and Fairness The Federal Acquisition Regulation (FAR) 1.102-2(c)(3), states that “The Government shall exercise discretion, use sound business judgment, and comply with applicable laws and regulations in dealing with contractors and prospective contractors” (Broaddus, 2011). There are many rules...
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...Cardiff Metropolitan University Cardiff School of Management MBA Epidemic of dropouts in Collegiate Level In Sri Lankan International Schools By D.M. Apsara Gunarathne UWIC/MBA/MT/03/53 10005365 This dissertation is submitted in partial fulfillment Of the requirements for the degree of Master of Business Administration (MBA). Acknowledgments I wish to thank my friends, and family who assisted my attempt of writing this dissertation. First, I thank my dissertation lecturer and supervisor Mr. Sunesh Hettiarachchi, for all the expert guidelines and the flattering encouragements that he had given me during this process. He never missed a single call or a chat message, and was helping me even during the odd hours. He was devoted towards seeing the work done properly. He made to make my research effort a reality and a success at the same time being such a good friend in need. I convey my heartfelt thanks for all these and without him; this project would not have been a success. I would like to thank Mr. Amath at Alethea International School. His advice and suggestions were valuable contributions at the initial stages of the study. I would like to express my deep appreciation to my CEO, Mrs. Kumari Hapugala Perera at Alethea International School for her understanding during the time of the study and encouragement given towards completing my dissertation. I extend my thanks to my dear friend for the constant words of encouragement and support during this...
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...[pic] Student Guide for Performance Based Service Acquisition And The Seven Step Process (ACQ 265) Nov 2009 Table of Contents UNIT 1 Introduction UNIT 2 Form the Team, Review Current Strategy, Market Research Step 1: Form the Team Step 2: Review the Current Strategy Step 3: Market Research UNIT 3 An Industry Perspective: Approaching an Acquisition UNIT 4 Requirements Definition Step 4: Requirements Definition UNIT 5 Develop your Sourcing Strategy Step 5: Sourcing Strategy UNIT 6 Execute the Strategy Step 6: Execute the Strategy UNIT 7 Performance Management Step 7: Manage Performance Appendices I Acronym List II Glossary | | | |Course Title |Performance Based Service Acquisition (ACQ 265) | | | | | | | |Lesson Title | Course Introduction | | ...
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