BUS 501 Week 3 Assignment 1 The Independent Government Cost Estimate and the Statement of WorkImagine that you are working in a federal government office as a government employee. You have been tasked with preparing an Independent Government Cost Estimate (IGCE) for a two-million-dollar procurement. The purchase is for the construction of fifty (52) towers with cameras and radar. The period of the contract is ten (10) years. The contract will also include training for the camera operators.Write a four to six (4-6) page paper in which you:1. Evaluate the importance of the IGCE.2. Examine the reasons for confidentiality of the IGCE. Propose two (2) actions that should be taken in order to maintain the confidentiality of the IGCE.3. Create a sample of a detailed cost estimate.4. Evaluate the types of statements of work in regard to compatibility with this contract.5. Determine the most appropriate type of statement of work for this contract. Support your position.6. Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the studentâs name, the professorâs name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Analyze the source of government funding to determine a cost estimate for the acquisition requirements. Given a defined requirement and market research results, apply the actions required to formulate a statement of work. Use technology and information resources to research issues in government acquisition. Write clearly and concisely about government acquisition using proper writing mechanics.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric found here