PACES is a parametric cost-estimating system for conventional construction projects and is targeted to government and conventional construction estimators. Predefined and documented engineering relationships link the primary parametrics to detailed engineering quantities. Quantities and most model assumptions can be changed by users. PACES estimates are recognized by the Congressional Budget Office as accurate up to the 35% design stage, and they have been validated to be within 7 1/2% of final, actual costs. Estimates can be refined at later stages of design. It is comprised of 68 parametric building models that are grouped into 11 building categories. In addition, PACES has supporting facilities models, renovation models, and a general conditions, overhead and profit model. The renovation models were a major enhancement in the program in its release as PACES. The database used is the Army Corps of Engineers Unit Price Book. Estimates can be exported to MCACES gold.
The original system was released in 1984, on a mainframe. The PC version1.01 was released as TRACES (the Parametric Building Module) in 1991. The first complete stand-alone version was released in June, 1992. PACES Version 3.0 (the first time the system is referred to as PACES) was released in June, 1995.
The software can be obtained by attending a training class in Niceville (Florida), that covers the training and materials, system software, and documentation. The cost of training per individual is $750, with a class size of a minimum of 5 individuals and a maximum of 12. PACES is available only to federal facilities and government contractors.
Telephone hotline support is offered to users. No demonstration disks are available.
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