AACE CEP Certified Estimating Professional Practice Questions - AACE Certified Estimating Professional (CEP) Exam

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AACE Recommended Practice 18R-97 (Cost Estimate Classification — Process Industries) defines five estimate classes. Which class corresponds to the most preliminary, order-of-magnitude estimate with the lowest project definition?

Class 1 Class 2 Class 3 Class 5

Correct Answer:

Class 5

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