AACE definition
Examples of AACE in a sentence
The OPCCs shall be prepared to a level of accuracy consistent with the standards of the AACE International, formerly known as the American Association of Cost Engineering and the Association for the Advancement of Cost Engineering, and the Program’s cost estimating guidelines.
The cost estimate shall be prepared in accordance with the American Association of Cost Engineers (AACE) standards, Level 4 (CI 4).
The OPCCs shall be prepared to a level of accuracy consistent with the standards of AACE International, formerly known as the American Association of Cost Engineering and the Association for the Advancement of Cost Engineering, and the Program’s cost estimating guidelines.
All opinions of probable construction cost developed will generally follow the recommendations of the Association for the Advancement of Cost Engineering (AACE) International Recommended Practice No. 18R-97 with regard to methodology and accuracy.
Class 4 OPCC prepared to a level of accuracy consistent with the standards of AACE International and the Program’s cost estimating guidelines.
Class 4 OPCC prepared to a level of accuracy consistent with the standards of AACE International, formerly known as the American Association of Cost Engineering and the Association for the Advancement of Cost Engineering, and the Program’s cost estimating guidelines.
Our bid cost opinion will be commensurate with a Class 2 estimate as defined by AACE.
This also needs to be considered in the tank optimization study; • Update the Worley estimate to a Class 4 AACE CAPEX estimate and OPEX estimate, including the working capex represented by product dead stock, where dead stock is the ninety-day reserve, tank bottoms (below operational low) and piping and pipeline contents.
The CONSULTANT will prepare opinions of probable cost using the appropriate standard of care and pertinent guidelines established by the Association for the Advancement of Cost Estimating (AACE).
The Report shall include layout plans, sketches, sections for each alternative to develop an AACE Class 5 cost estimate for each alternative, and findings of the H&H analysis.