Independent_Cost_Estimate_ICE_Form.pdf

This is an Independent Cost Estimate (ICE) Form, a template document used to document the estimated costs for goods or services. The form is designed to support procurement decisions and establish pricing benchmarks for contracting purposes related to METRO RTA's legal services solicitation in Ohio. The form accommodates multiple estimation methodologies, including published price lists, engineering or technical estimates, and independent third-party estimates. It provides sections for both standard items with per-unit and delivered costs, as well as non-standard services, repairs, or specialized items that require detailed labor, material, and overhead calculations.

The form includes structured cost breakdown categories for services, repairs, and non-standard items, with fields for material costs, other direct costs, labor rates and hours by classification, allocated overhead, selling, general and administrative (SG&A) expenses, and profit margins. The template allows for multiple line items (up to six rows for standard products and six rows for service items) to accommodate comprehensive cost analysis. The document requires the preparer's signature and identification of the estimation method used, with provisions for attaching detailed spreadsheets to support complex cost calculations. This form functions as a standardized tool to ensure consistent cost documentation and justification across procurement activities.