Comparison of Cost Estimate Classification

Norwegian Project
AACE International Association of Cost American Society of
ANSI Standard AACE Mgmt Association
Recommended Engineers Professional
Z.94.2-1989 Pre-1972 NFP
Practice UK-ACE Estimators (ASPE)
(NACPE)

Concession Est.
Order of Magnitude Order of Magnitude
Order of Magnitude
IncreasingProjectDefinition

Class 5 Estimate Estimate Exploration Est. Level 1

Estimate
-30 / +50 -30 / +50
Feasibility Est.

Study Estimate Authorization

Class 4 Study Estimate
Class III Estimate Level 2
Budget Estimate - -20 / +30
15 / +30
Preliminary Master Control
Class 3 Budget Estimate Level 3
Estimate Estimate
Class II -10 / +10

Level 4
Class 2 Definitive Estimate

Definitive Estimate Definitive Estimate Current Control

-5 / +15 Class I -5 / +5 Estimate Level 5

Class 1 Detailed Estimate

Level 6