AACE CCT Practice Questions - AACE Certified Cost Technician Exam

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Per AACE Recommended Practice 18R-97, a Class 5 estimate is BEST characterized by which level of project definition and accuracy?

0%-2% definition; widest accuracy range; used for concept screening 10%-40% definition; used for budget authorization 30%-70% definition; used for project control 65%-100% definition; used for check estimate or bid

Correct Answer:

0%-2% definition; widest accuracy range; used for concept screening

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