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AACE CIP Cost Estimate Classification <br />EstimatingClass <br />Name <br />Project <br />Definition level <br />Contingency <br />Projections <br />Class 5 <br />Order of magnitude <br />0% to 2% <br />30% to 100% <br />Class 4 <br />Intermediate <br />1 % to 15% <br />20% to 50% <br />Class 3 <br />Preliminary <br />10% to 40% <br />10% to 30% <br />Class 2 <br />Substantive <br />30% to 70% <br />5% to 20% <br />Class 1 <br />Definitive <br />50% to 100% <br />3% to 15% <br />IMLCityof <br />Louisville <br />