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zmVault/timestamped/2026-03-29_16-01-12.md

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id title tags date-created daily
2026-03-29T16:01:12-0400 2026-03-29 16:01:12
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2026-03-29T16:01:12-04:00 2026-03-29

2026-03-29 16:01:12

AACE Estimate Classification

Association for the Advancement of Cost Engineering (AACE)

AACE International Recommended Practice No. 18R-97

Estimate Class Expected Accuracy (Low) Expected Accuracy (High)
Class 5: Concept Screening -20% to -50% +30% to +100%
Class 4: Study or Feasibility -15% to -30% +20% to +50%
Class 3: Budget, Authorization, or Control -10% to -20% +10% to +30%
Class 2: Control or Bid/Tender -5% to -15% +5% to +20%
Class 1: Check Estimate or Bid/Tender -3% to -10% +3% to +15%