Pricing & costCost estimate
ICE
Independent Cost Estimate
Definition
An Independent Cost Estimate is a cost assessment prepared separately from the contractor's proposal to provide an objective basis for evaluating proposed prices. ICEs support price reasonableness determinations and negotiation strategies.
Understanding that ICEs inform government evaluations helps contractors develop well-supported pricing. ICE preparation involves independent analysis of requirements, market conditions, and historical data. ICE accuracy affects procurement decisions and negotiation outcomes.
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