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RACE International Recommended Practice No. 18R97COST ESTIMATE CLASSIFICATION SYSTEM AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE PROCESS INDUSTRIES TCM Framework: 7.3 Cost Estimating

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What is aace 17r 97?

AACE 17R-97 is a guideline for the evaluation and management of costs in construction projects, published by the Association for the Advancement of Cost Engineering.

Who is required to file aace 17r 97?

Individuals or organizations involved in the cost management of construction projects, such as project managers, cost engineers, and contractors, may be required to file AACE 17R-97.

How to fill out aace 17r 97?

To fill out AACE 17R-97, follow the provided guidelines, ensuring that all cost evaluations, management practices, and reporting requirements are accurately addressed according to the project's specifics.

What is the purpose of aace 17r 97?

The purpose of AACE 17R-97 is to provide a standardized approach to cost estimating and management, ensuring consistency and clarity in the evaluation of project costs.

What information must be reported on aace 17r 97?

Information required to be reported on AACE 17R-97 includes cost estimates, assumptions made, potential risks, and methodologies used for cost management throughout the project.

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