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What are the three types of estimates?

There are three types of estimates that can be used to communicate costs to clients, including ballpark, budgetary, and definitive.

How do you become a member of AACE?

Candidates must meet the required criteria: Attend an AACE Annual Meeting. Have completed three consecutive years or more of AACE community engagement fee payments as outlined in the AACE bylaws.

What is a Level 5 estimate?

Order-of-Magnitude Estimates (Class 5) An order-of-magnitude estimate is prepared when little or no design information is available for the project. It is called order of magnitude because that may be all that can be determined at an early stage.

What is the AACE?

AACE is the organization focused on endocrinology, diabetes and metabolism that is most: Recognized worldwide for its clinical leadership. Valued by clinical endocrinologists and other healthcare professionals. Trusted by patients. Respected by healthcare decision-makers and the public.

What is AACE recommended practice?

AACE International Recommended Practices (RPs) are aligned with the Total Cost Management Framework, and establish the technical foundation for our educational and certification products and services. RPs provide technical reference information, vetted by a rigorous review process, regarding specific competency areas.

aace international recommended practice no 18r 97

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