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The is a seminal publication by AACE International (the Association for the Advancement of Cost Engineering) that serves as the definitive body of knowledge for professionals in the field. Edited by Dr. Makarand Hastak, this edition provides an exhaustive overview of the Total Cost Management (TCM) framework, detailing the technical and managerial skills required to balance cost, time, and quality in complex projects. Core Structure and Content
In an era of increasing corporate scrutiny and "fake news" regarding project viability, the ethical obligations of the cost engineer are paramount. The 6th Edition reinforces the AACE Canons of Ethics, providing case studies and frameworks for professionals to maintain integrity when pressured to alter estimates to suit a desired budget.