A major theme park is expanding the existing facility over a five-year period.

Vendor: AACE International
Product: CCP
Update on: Aug 21, 2025
Questions: 189

AACE International CCP Question Answer

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.

The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

What class of estimate is used for the preliminary design phase of a project?

Class 5 - order of magnitude estimate with +50% / -30% accuracy

Class 1 - order of magnitude with +30% / -30% accuracy

Class 4 - budget estimate with +30% / -15% accuracy

Class 2 - definitive estimate with +15%/-5% accuracy