Both the Army and Marine Corps have a capability need to procure additional helicopters beyond the number specified in the current contract; the helicopter program is currently in production. What cost estimating technique would the services most likely use as a basis for requesting the funding to pay for the additional aircraft?

Parametric

Analogy

Engineering

Actual Cost

Question

Hillary Oconnell

Business

20 March, 00:27

Both the Army and Marine Corps have a capability need to procure additional helicopters beyond the number specified in the current contract; the helicopter program is currently in production. What cost estimating technique would the services most likely use as a basis for requesting the funding to pay for the additional aircraft?

Parametric

Analogy

Engineering

Actual Cost

+5

Answers (1)

Know the Answer?

Larry Cantrell · Answer 1

The cost which will determine or estimate the technique used as a basis for requesting the funding to pay for the extra aircraft is the actual cost.

Explanation:

Actual cost is the cost or the actual expenditure made for acquiring the asset and it involves the expense of supplier invoiced and in addition to the cost to set up, test the asset and deliver.

So, both the Marine and the Army corps need to procure the additional helicopters beyond the numbers specified in contract. The actual cost will be used as basis for the funding to pay.