Question 1

5D modeling includes the following, ____________, as well as the traditional X, Y, and Z dimensions.

Options :

A : Cost and time

B : Time and resources

C : Cost and price

D : Time and effort

Answer: A

Question 2

If the owner and contractor cannot come to agreement on the cost and terms of the change order, the reasonable solution is ….....................

Options :

A : The contractor should sue the owner

B : Stop the project

C : Arbitration

D : The owner should sue the contractor

Answer: C

Question 3

A Basis of Estimate (BOE)...

Options :

A : Will not address any anomalies or other shortcomings of the estimate or scoping documents

B : Should not describe the accuracy of the estimate, leaving that up to the independent judgment of the stakeholders

C : Should not discuss drawbacks or shortcomings of the scoping documents in order to not antagonize their developer

D : Will describe the primary estimating methodology used in preparation of the estimate

Answer: D

Question 4

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?

Options :

A : $3,400

B : $13,600

C : $11,200

D : $680

Answer: B

Question 5

An input to risk identification is:

Options :

A : Stakeholder risk tolerance

B : Product description

C : Historical Information

D : Simulation

Answer: C

Free AACE-CEP Mock Exam – Practice Online Confidently

Buying Options: