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Aace 18r 97 Form

Aace 18r 97 Form

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[Music] the Association for the Advancement of cost engineering or AAC II is an organization that provides certifications to cost estimators in the construction industry they are one of the preeminent organizations that provides information for cost estimators they have what is known as a cost estimate classification matrix that defines expected accuracy ranges on projects during the design phase those ranges include a class 5 which is based on the least amount of a project definition down to a class one type of estimate here's the chart that indicates the degree of project definition for each of the classes the typical purpose of the estimate the methodology used to prepare the estimate and then the expected accuracy range within an estimate historically estimates created by architects or engineers are usually low compared to the market because they've either excluded something in the means or methods that were identified by the contractor for example job office overhead types of item

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