Topic:"Cost Considerations" in M12418

This project is being filed as a AACE Class 3 estimate. The defined deliverables for this project indicate that 81% of Class 3 deliverables are completed. AACE recommends applying between 10% and 30% contingency to estimates in this class....

AI summary The project is filed as an AACE Class 3 estimate, with 81% of deliverables completed. A 20% contingency is applied to account for risks such as market volatility and potential refurbishment and overtime costs to ensure completion by Spring 2026.

11 Category Lesson Learned Addressing Proactively – How? 6 U.S. components were included, this was due to limited availability, specific technical 7 requirements, or supply chain constraints. The approach taken ensured that the major 8 equ...

AI summary The document discusses lessons learned from a project, including the inclusion of U.S. components due to technical and supply chain constraints, the need for potential refurbishments or replacements after asset removal, and the use of a firm fixed-price quote to protect against market volatility, though some risks remain.