AACE International is dedicated to advancing the study of cost engineering and cost management through the integrative process of Total Cost Management as outlined in AACE’s TCM Framework document. To promote this objective, AACE awards academic scholarships to full-time students pursuing a related degree in engineering, construction management, building construction, computer sciences, business, quantity surveying, information technology, etc. The cost engineering profession uses the process of Total Cost Management to identify and define those areas of business in which the discipline of cost engineering and cost management principles may be applied to plan and control resources, assets, costs, profitability, and risk. The major elements of the cost engineering discipline include estimating, project/product controls, planning and scheduling, business sciences, and project/product management.
Funds are available through two separate but related programs, the Competitive Scholarship and the Matching Funds Program.
Competitive Scholarships Applications for the scholarship competition are accepted between
December and February 7th each year. The application is available online.
Matching Funds Scholarships All AACE sections may participate in the Matching Funds program. This program allows our sections to select deserving students and receive matching funds to augment awards.