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: Oct 27, 2025

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Question 1

Management perceives strong competition for the project being bid, but very much wants to be awarded the contract. As a result what action are they likely to take?

A : All of the Answers are correct

B : Direct the cost to be reduced

C : Reduce the general and administrative cost

D : Reduce the profit margin

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

Which of the following is not an example of a variable?

A : Size

B : Weight

C : Shape

D : Stamping tool

Answer: D

Question 4

Management perceives strong competition for the project being bid, but very much wants to be awarded the contract. As a result what action are they likely to take?

A : All of the Answers are correct

B : Direct the cost to be reduced

C : Reduce the general and administrative cost

D : Reduce the profit margin

Answer: A

Question 5

The documents needed for a quantity survey include:

A : Project drawings

B : Project specifications

C : General conditions

D : All the answers are correct

Answer: D

Page: 1 / 60

Total 297 Questions | Updated On: Oct 27, 2025

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