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AACE CCT CERTIFICATION EVALUATION 2026 SOLVED QUESTION COLLECTION

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AACE CCT CERTIFICATION EVALUATION 2026 SOLVED QUESTION COLLECTION

Institution
AACE CCT
Course
AACE CCT

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AACE CCT CERTIFICATION EVALUATION
2026 SOLVED QUESTION COLLECTION

◉ Allowances.
Answer: Additional resources included in estimates to cover the cost
of known but
undefined requirements for an individual activity, work item,
account, or
subaccount [S&K 4th Ed., 1-1;


◉ Alternate.
Answer: A request from the owner for the cost of adding or deleting
an item or work
element from the basic bid. The cost of adding an item is usually
known as an additive alternate, while the cost of deleting an item is
known as a deductive alternate


◉ Bid Documents.
Answer: The advertisement for bids, instructions to bidders,
information available to
bidders, bid form with all attachments, and proposed contract
documents
(including all addenda issued before the receipt of bids)

,◉ Change Order.
Answer: A document requesting a change or correction; a written
change made by the architect / engineer to the contract drawings
and/or specifications aster the contract award. Generally, a change
order must be approved by the owner/client and the contractor
before it becomes a legal change to contract [S&K 4th Ed., 1-2;


◉ Cost Index.
Answer: A number that relates the cost of an item at a specific time
to the
corresponding cost at some arbitrarily specified time in the past. A
cost index is useful in taking known past costs for an item and
relating them to the present. [S&K 4th Ed., 1-2].


◉ Direct Cost.
Answer: Costs that can be directly attributed to a particular item of
work or activity
[S&K 4th Ed., 1-2].


◉ Distributable Cost.
Answer: A cost item that is spread over other cost items rather than
managed as a
separate account [S&K 4th Ed., 1-2].

, ◉ Field Costs.
Answer: Indirect costs of engineering and construction associated
with the project's
field site rather than with the home office [S&K 4th Ed., 1-2; RP10S-
90].


◉ General Conditions.
Answer: A specific portion of the contract documents. They state the
responsibilities and relationships of all parties to the contract, as
well as any conditions applicable to the contract [S&K 4th Ed., 1-2].


◉ Productivity.
Answer: A relative measure of labor efficiency, either good or bad,
when compared to an established base or norm as determined from
an area of great experience. Alternatively, productivity is defined as
the reciprocal of the labor factor [S&K 4th Ed., 1-2].


◉ Scope.
Answer: The equipment and materials to be provided, and the work
to be done. Scope is documented by the contract parameters for a
project to which the company is committed [S&K 4th Ed., 1-2].


◉ Value Engineering.

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Institution
AACE CCT
Course
AACE CCT

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