Free AACE AACE-CEP Exam Questions
Absolute Free AACE-CEP Exam Practice for Comprehensive Preparation
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AACE AACE-CEP Exam Questions
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Provided By: AACE
- Exam: Certified Estimating Professional (CEP)
- Certification: AACE Certified Professional
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Total Questions: 297
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Updated On: Jul 25, 2026
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Rated: 4.9 |
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Online Users: 594
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Question 1
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Two essentials for an effective project control baseline are _________________ .
Answer: C
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Two essentials for an effective project control baseline are _________________ .
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Question 2
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The operating cost in the first year is $100,000. Escalation is expected to be 3% per year. What is the estimated operating cost in the fifth year?
Answer: A
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The operating cost in the first year is $100,000. Escalation is expected to be 3% per year. What is the estimated operating cost in the fifth year?
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Question 3
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If you suspect a contractor’s bid estimate is unbalanced, which of the following best describes what to look for in an estimate review?
Answer: B
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If you suspect a contractor’s bid estimate is unbalanced, which of the following best describes what to look for in an estimate review?
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Question 4
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As a cost professional, you are requested to perform project screening in ten minutes. Which one of following projects is worthy of further review?
Answer: A
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As a cost professional, you are requested to perform project screening in ten minutes. Which one of following projects is worthy of further review?
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Question 5
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The all‐in labor cost of a welder (excluding a welding machine) is $60 per hour. The welding machine rental cost is $220 per hour. A welding crew is comprised of two (2) welders and one (1) welding machine. Assume each weld takes two (2) crew hours to complete. What is the cost of completing 20 welds?
Answer: B
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The all‐in labor cost of a welder (excluding a welding machine) is $60 per hour. The welding machine rental cost is $220 per hour. A welding crew is comprised of two (2) welders and one (1) welding machine. Assume each weld takes two (2) crew hours to complete. What is the cost of completing 20 welds?