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

Available format(s)

Hardcopy , PDF

Language(s)

English

Published date

05-10-2023

Publisher

American Society for Testing and Materials

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.

Committee	E 06
DocumentType	Standard Practice
Pages	9
PublisherName	American Society for Testing and Materials
Status	Current
Supersedes	ASTM E 1946 : 2018

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ASTM E 3008/E3008M : 2016 : R2023	Standard Classification for Transportation Surface Elements—UNIFORMAT II
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ASTM E 2103/E2103M : 2019	Standard Classification for Bridge Elements—UNIFORMAT II
ASTM E 2506 : 2015 : R2020 : EDT 1	Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities

ASTM E 2168 : 2010 : R2023	Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
ASTM E 2168 : 2010 : R2016	Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
ASTM E 2514 : 2015 : R2020	Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses