Vendor: Test Prep
Certifications: Test Prep Certifications
Exam Name: Certified Cost Consultant / Cost Engineer (AACE International)
Exam Code: CCE-CCC
Total Questions: 115 Q&As
Last Updated: Sep 15, 2023
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CertBus Has the Latest CCE-CCC Exam Dumps in Both PDF and VCE Format
CCE-CCC Online Practice Questions and Answers
AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.
A. Risk analysis
B. Benefit/Cost ratio (B/C) method
C. Net present worth method
D. Life cycle costs method (LCC)
The goal of listening is to:
A. Analyze what the speaker is saying
B. Find out what is going on
C. Have time to formulate your thoughts on the subject
D. Improve communication
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.
Which statement best describes the type of information available for a design phase estimate?
A. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied
B. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts
C. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors
D. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors
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