Thursday, October 31, 2019

Cost Estimate and the State Of Work Assignment Example | Topics and Well Written Essays - 1500 words

Cost Estimate and the State Of Work - Assignment Example The IGCE statement is also very important in government reference and file keeping. It is a document when well kept can give the future generation the way the projects were carried and the amount of cash that they utilized for project completion (Federal government, 2009). It is also very important in countrymen taxation and government budget making for the year of the project. It also helps the government in the revenue allocation and in implementation of the governments’ strategic plans (Kinzie, 2010). This will lead to job creation, growth and expansion of the countries industrialization. Therefore a well documented IGCE statement safeguards the government’s properties through internal controls and audit trials for the government’s final project price. Reasons for Confidentiality The reasons why the IGCE should be kept a major secret is because the countries ethics and integrity must be retained and should be above reproach in business dealings with the government (Schwalbe, 2011). This will build the people’s confidentiality in the government hence creating harmony in the country (Federal government, 2009). The contracting officers must go to an agreement with the contracting officer representatives on the confidential financial disclosure report. This report is very crucial in avoiding conflicts between the official duties and the private affiliations. This report is also very vital in curbing away bribery from the public sector.

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