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  • ASTM E 1946 : 2018

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    Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects

    Available format(s):  Hardcopy, PDF

    Superseded date:  26-05-2023

    Language(s):  English

    Published date:  10-09-2018

    Publisher:  American Society for Testing and Materials

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    Abstract - (Show below) - (Hide below)

    1.1 This practice covers a procedure for measuring cost risk for buildings and building systems and other constructed projects, using the Monte Carlo simulation technique as described in Guide E1369.

    Scope - (Show below) - (Hide below)

    1.1This practice covers a procedure for measuring cost risk for buildings and building systems and other constructed projects, using the Monte Carlo simulation technique as described in Guide E1369.

    1.2A computer program is required for the Monte Carlo simulation. This can be one of the commercially available software programs for cost risk analysis, or one constructed by the user.

    1.3This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

    1.4This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

    General Product Information - (Show below) - (Hide below)

    Committee E 06
    Document Type Standard Practice
    Publisher American Society for Testing and Materials
    Status Superseded
    Superseded By
    Supersedes

    Standards Referenced By This Book - (Show below) - (Hide below)

    ASTM E 1369 : 2015 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1057 : 2015 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
    ASTM E 3035 : 2015 Standard Classification for Facility Asset Component Tracking System (FACTS)
    ASTM E 3008/E3008M : 2016 Standard Classification for Transportation Surface Elements—UNIFORMAT II
    ASTM E 1074 : 2015 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
    ASTM E 964 : 2015 Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
    ASTM E 2691 : 2016 Standard Practice for Job Productivity Measurement
    ASTM E 2168 : 2010 : R2016 Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
    ASTM E 2506 : 2015 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
    ASTM E 2103/E2103M : 2013 Standard Classification for Bridge Elements—UNIFORMAT II
    ASTM E 917 : 2017 : EDT 1 Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
    ASTM E 1074 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
    ASTM E 2103/E2103M : 2019 Standard Classification for Bridge Elements—UNIFORMAT II
    ASTM E 2691 : 2020 Standard Practice for Job Productivity Measurement
    ASTM E 964 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
    ASTM E 3035 : 2015 : R2020 Standard Classification for Facility Asset Component Tracking System (FACTS)
    ASTM E 1057 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
    ASTM E 2506 : 2015 : R2020 : EDT 1 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities

    Standards Referencing This Book - (Show below) - (Hide below)

    ASTM E 2514 : 2008 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
    ASTM E 1557 : 2005 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
    ASTM E 1369 : 2011 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1369 : 2007 : EDT 2 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1369 : 2002 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 833 : 2014 Standard Terminology of Building Economics
    ASTM E 2083 : 2005 : R2016 Standard Classification for Building Construction Field Requirements, and Office Overhead & Profit
    ASTM E 1369 : 2007 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1369 : 2015 : R2020 : EDT 1 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 2083 : 2000 Standard Classification for Building Construction Field Requirements, and Office Overhead & Profit
    ASTM E 833 : 2014 : R2021 Standard Terminology of Building Economics
    ASTM E 1557 : 1997 : EDT 1 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
    ASTM E 1557 : 2002 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
    ASTM E 2168 : 2001 Standard Classification for Allowance, Contingency and Reserve Sums in Building Construction Estimating
    ASTM E 2514 : 2015 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
    ASTM E 2168 : 2010 : R2016 Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
    ASTM E 1369 : 2007 : EDT 1 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1557 : 2009 : R2015 Standard Classification for Building Elements and Related Sitework—UNIFORMAT II
    ASTM E 2168 : 2006 Standard Classification for Allowance, Contingency and Reserve Sums in Building Construction Estimating
    ASTM E 1369 : 2015 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 2083 : 2005 : R2010 Standard Classification for Building Construction Field Requirements, and Office Overhead Profit
    ASTM E 2083 : 2005 Standard Classification for Building Construction Field Requirements, and Office Overhead Profit
    ASTM E 2168 : 2010 Standard Classification for Allowance, Contingency and Reserve Sums in Building Construction Estimating
    ASTM E 1557 : 2009 : R2020 : EDT 1 Standard Classification for Building Elements and Related Sitework—UNIFORMAT II
    ASTM E 1557 : 2001 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
    ASTM E 2514 : 2006 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
    ASTM E 1369 : 1998 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
    ASTM E 1557 : 2009 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
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