The membership grade of Fellow is a selective and prestigious honor for the recipients. Approval of Fellow is in recognition of professional attainment and significant accomplishment in cost management or cost engineering. Fellows are designated by the following acronym: FAACE. Nominees are vetted by the Fellow Admissions Committee and recommended for approval of a majority vote by the Board of Directors. The criteria used in awarding Fellow classifications are: Professional attainment based on contributions to the professional advancement of cost management, cost engineering, or the engineering profession and valuable service to AACE International; and contributions to the knowledge of the profession and dissemination of that knowledge based on publications, presentations, and bringing cost management/cost engineering to industry, educational institutions, forums, or government agencies.