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18R-97: Cost Estimate Classification System – As Applied ...

18R-97 COST Estimate CLASSIFICATIONSYSTEM - AS Applied INENGINEERING, PROCUREMENT,AND CONSTRUCTION FOR THEPROCESS INDUSTRIESSAMPLE Copyright AACE International AACE International Recommended Practices Single user license only. Copying and networking prohibited. This document is copyrighted by AACE International and may not be reproduced without permission. Organizations may obtain permission to reproduce a limited number of copies by entering into a license agreement. For information please contact AACE International Recommended Practice No. 18R-97 COST Estimate Classification System AS Applied IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE PROCESS INDUSTRIES TCM Framework: Cost Estimating and Budgeting Rev. August 7, 2020 Note: As AACE International Recommended Practices evolve over time, please refer to for the latest revisions. Any terms found in AACE Recommended Practice 10S-90, Cost Engineering Terminology, supersede terms defined in other AACE work products, including but not limited to, other recommended practices, the Total Cost Management Framework, and Skills & Knowledge of Cost Engineering.

The Cost Estimate Classification System maps the phases and stages of project cost estimating together with a generic project scope definition maturity and quality matrix, which can be applied across a wide variety of industries and scope content. ... mining or hydrocarbon materials, although it may apply to some of the intermediate processing ...

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