AACE Recommended Practice No. 10S-90

AACE Recommended Practice No. 10S-90 provides guidelines for accurately estimating the costs involved in construction projects. It emphasizes structured methods for analyzing and calculating expenses, including labor, materials, equipment, and overhead. The goal is to produce reliable cost estimates that can be used for budgeting, planning, and decision-making. The practice advocates for a systematic approach, clear documentation, and consistency to ensure estimates are helpful and trustworthy. Essentially, it helps project managers and engineers plan financial aspects of construction projects effectively, minimizing unforeseen costs and improving project control.