This Note documents an analysis of the cost, schedule, and performance of the proposed SRC-I Commercial Demonstration Plant. Section II contains an annotated version of the RAND briefing given on May 5, 1982 to the Director of the Office of Coal Processing. Appendix A contains back-up charts utilized in the briefing. Appendix B is the technical assessment undertaken in support of the determination of the PPS equation input values. Variable definitions, input values, and the basis for the input values are provided in App. C. A recapitulation of the ICRC cost, schedule, and performance estimates is contained in App. D. Appendix E summarizes the assumptions made in the calculation of SRC-I unit product costs. Appendix F lists the attendees at the May 5 briefing and includes the Program Office summary. Finally, App. G contains ICRC comments on the RAND analysis.