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General expenses, AACE class and risk

Site and head-office general expenses estimated item by item, the AACE estimate class, the contingency and the basis of estimate; plant turnarounds follow AACE 112R.

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7 · General expenses, AACE class and risk
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What it covers

  • General expenses by country rule: time-related, fixed and head office.
  • AACE class and accuracy range of the estimate (RP 56R-08 for building and general construction).
  • Basis of estimate: scope, methodology, references, assumptions and exclusions.
  • Turnaround risk accounts: emergent work, discovery work and contingency.
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