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AACE International CCP Exam
Certified Cost Professional (CCP) (Page 2 )

Updated On: 11-Jan-2026
Page 2 of 24
PDF with 189 Questions

What do you call a person authorized to represent another (the principal) in some capacity? He/she can only act within this capacity or "scope of authority" to bind the principal.

  1. Engineer
  2. Alternate
  3. Project Manager
  4. Agent

Answer(s): D




The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
An unbalanced bid methodology can best be used by:

  1. Engineer/contractor working for the owner (Plan B)
  2. Subcontractor working for contractor (Plan A or B)
  3. Contractor working directly for engineer (plan A or B)
  4. Engineer working for the owner (Plan A)

Answer(s): A




The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
In the A relationship, the subcontractor might use an unbalance bid to:

  1. To get more payment early in the job
  2. Decrease the chances of extended claim litigation
  3. Reduce the risk of quantities being greater than estimated
  4. Provides an alternative to competitive bidding

Answer(s): C



A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
Which of the following is least likely to improve a large earthmoving contractor's productivity?

  1. Using apprentice operators to save labor costs
  2. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
  3. Remove underground hazards prior to excavation work
  4. Replacing old excavators with new, larger excavators

Answer(s): B



A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The recognition of loss of value of a natural resource used in the production process is referred to as:

  1. Capital reduction
  2. Net loss
  3. Depreciation
  4. Depletion

Answer(s): D



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