Guys:
regarding to original question, it depends on the consideration taken by the geotechnical engineer, or the objective to achive. I have seen that certain engineers specified for instace, fill material compacted to a minimum of 95 % MDD Proctor Mod. should provide at least 112 pcf, It was given by an engineer from other state where soils has a volcanic origin and produce low densities when tested in accordance to Proctor STD (90 to 96 pcf), the problem in the project was related to expasive clays and the purpose was to provide a minimal surcharge on soils, it was explained in the soils report, in this case the engineer was not familiar with the local materials that produce MDD Proctor std around 131 pcf (95% is about 125 pcf), he decided not to change change his specification, but there was anthother detail, he also specified mod. proctor for preparing subgrade and it has to be compacted to a 95 percent, so imagine the mess when moisture increase occurs in expansive clays.
I'm agree with dgillete, and perhaps we are missing a point, $$$, a 3 percent increment in compaction from 95 to 98 may sound like a minimal increment, if we take this to lab scale and you are reproducing a sample, let's say for CBR, remmember Proctor STD 3 layers 56 blows per layer to achieve 100 %, obviously assuming an excelent moisture control (we are in lab scale), wel in order to reach about 90 % MDD Proctor you need around 15 blows per layer, now to increase from 90 to around 95 % you have to applied something like 26 to 28 blow per layer, now to reach 98 percent, well I've never tried this compaction target but perhaps you need something about 48 to 50 blows per layer. Lest's now supouse that your 100% MDD CBR is 10, 90% MDD CBR is 3, 95% MDD is 6 and 98% CBR is 8, is this incretment really sustantial to increase spec requierement, what happend if instead increase compaction we add lime or cement or lime-fly-ash and compact this mix to a 90 percent?
So, if we bring this to real scale, means that you will need almost twice of energy to reach 98 percent insted 95 %, this decision requires not only a better moisture control, perhaps you have to reduce layer thickess or bring to site a larger compaction equipment. I'd say that cost for increasing that 3 percent should have a very good back-up in order to demonstrate that the cost for increasing compaction is justified by the property improvement range reached.
Sometime I heard about a firm that use to specified 95 % MDD Proctor Modified, apparently it was like a cook recipe, well, someday,I can remmember what exactly happend but i believe that some contratctor that tried to get revange convinced to someone who had expended a lot of money when built a project, remmeber court ask for another professional opinions, as i said, I do not remmember all details however i can remmember that project owner won in court, since was demonstrated that 95 % MDD Proctor Std was enough for the building requierements and purposes.