Ep. 4: Building An IGCE | A Beginner’s Guide

Welcome back to Acquisition Pro Tips! In Episode 5, I walk you step-by-step through how to build an Independent Government Cost Estimate (IGCE) — one of the most important tools for setting budgets, supporting acquisition strategies, and ensuring fair and reasonable pricing. #governmentcontracting #governmentemployee #governmentofficial #contracting #federalcontracts Whether you’re estimating commodities, services, or complex projects, this video explains: ✅ What an IGCE is and why it matters ✅ How the IGCE drives the entire acquisition strategy (MPT → GPC, SAT → SAP, Over SAT → Formal Contracting) ✅ Price estimates for commodities (using catalogs, vendor quotes, historical data) ✅ Cost estimates for services (lump-sum, top-down, and bottom-up methods) ✅ Key cost elements: labor, supplies, travel, overhead, fringe, subcontractors, G\&A, and profit ✅ Common mistakes to avoid (like using a single vendor quote or sharing procurement-sensitive info) ✅ 10 Acquisition Pro Tips for building a defendable IGCE If you’re a Mission Partner, Resource Advisor, or anyone responsible for estimating and funding requirements, this episode will give you the tools to succeed. Chapters 0:00 – Intro 0:46 – What is an IGCE? 01:13– Cost Elements Explained 01:48 – Important Dollar Thresholds 02:32 – Cost Estimate Examples (services, commodities & construction) 03:27 - How to Build a Cost Estimate 05:50 - 10 Acquisition Pro Tips ⚖️ Disclaimer The views and opinions expressed on this channel are my own and do not represent the official position of the United States Air Force, the Department of Defense, or any other federal agency. This content is for informational purposes only and does not constitute legal advice. 🎵 Music Credit karaoke-version.com Song Title: Eat Your Young | Hozier