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CEP Certified Estimating Professional VIP Practice Exam

CEP — The Certified Estimating Professional (CEP) credential is issued by AACE International (Association for the Advancement of Cost Engineering); the exam consists of approximately 100 multiple-choice questions administered over 3 hours, covering estimating methods, quantity takeoff, cost databases, bid preparation, project cost control, and risk analysis.

55
Questions
180m
Time Limit
70.00%
To Pass
Question 1 of 55👑 VIP

A project manager asks you to produce a Class 3 estimate for a new chemical processing facility. The engineering design is approximately 30% complete, and process flow diagrams along with preliminary equipment lists are available. Based on AACE International's Recommended Practice No. 18R-97, which statement best describes the expected accuracy range for this estimate?

Questions 2–55 and full explanations are VIP-exclusive.