Free AACE AACE-CEP Exam Questions

Become AACE Certified with updated AACE-CEP exam questions and correct answers

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Total 297 Questions | Updated On: Apr 29, 2026

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Question 1

Which of the following is not a direct cost?

A : Construction trailer footing

B : Process piping

C : Plant switchgear

D : Permanent building slab

Answer: A

Question 2

5D modeling includes the following, ____________, as well as the traditional X, Y, and Z dimensions.

A : Cost and time

B : Time and resources

C : Cost and price

D : Time and effort

Answer: A

Question 3

The following is the result of the range estimating analysis. If you wish to be 80% certain of not over running the estimate, how much contingency should you add?

A : ($25)

B : $80

C : It cannot be determined from the table

D : $328

Answer: D

Question 4

Which of the following is not a direct cost?

A : Construction trailer footing

B : Process piping

C : Plant switchgear

D : Permanent building slab

Answer: A

Question 5

A Basis of Estimate (BOE)...

A : Will not address any anomalies or other shortcomings of the estimate or scoping documents

B : Should not describe the accuracy of the estimate, leaving that up to the independent judgment of the stakeholders

C : Should not discuss drawbacks or shortcomings of the scoping documents in order to not antagonize their developer

D : Will describe the primary estimating methodology used in preparation of the estimate

Answer: D

Page: 1 / 60

Total 297 Questions | Updated On: Apr 29, 2026

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