Estimating System Clause Samples

Estimating System. ‌ An acceptable estimating system for proposal preparation benefits both the Government and the Contractor by increasing the accuracy and reliability of individual proposals. An acceptable estimating system is maintained, reliable, and consistently applied; produces verifiable, supportable, documented, and timely cost estimates that are an acceptable basis for negotiation of fair and reasonable prices; is consistent with, and integrated with the Contractor’s related management systems; and is subject to applicable financial control systems. Adequacy, acceptability, and/or approval of a Contractor’s estimating system are determined by the Contractor’s cognizant DCMA CO, CFA CO, or DCAA office. Acceptable documentation may include current and valid approval letters from the Contractor’s cognizant DCMA or CFA CO, or DCAA audit reports.

Estimating System. Provide a summary description of the Offeror’s standard estimating system or methods. The summary description shall cover separately each major cost element (e.g., Direct Material, Direct Labor, Indirect Costs, Other Direct Costs, Overhead, G&A, etc.). Also identify any deviations from the standard estimating procedures used in preparing this proposal. Indicate if the Offeror has Government approval of its system and if so, provide evidence of such approval. Offerors shall indicate whether there are any Forward Pricing Rate Agreements (FPRAs) in place and identify the applicable Defense Contract Audit Agency (DCAA) office of the prime contractor and major subcontractors/teaming members/joint venture partners.

Estimating System. Provide a summary description of your standard estimating system or methods. The summary description shall cover separately each major cost element (e.g., Direct Material, Engineering Labor,

Estimating System. Provide a summary description of your standard estimating system or methods. The summary description shall cover separately each major cost element. Also, identify any deviations from your standard estimating procedures in preparing this proposal volume. Indicate whether you have Government approval of your system and if so, provide evidence of such approval.