ASTM E1946-18
Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects

Standard No.
ASTM E1946-18
Release Date
2018
Published By
American Society for Testing and Materials (ASTM)
Status
Replace By
ASTM E1946-18(2023)
Latest
ASTM E1946-18(2023)
Scope
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. 1.2 A 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. 1.3 This 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. 1.4 This 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.

ASTM E1946-18 Referenced Document

  • ASTM E1369 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
  • ASTM E1557 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
  • ASTM E2083 Standard Classification for Building Construction Field Requirements, and Office Overhead & Profit*2024-04-21 Update
  • ASTM E2103/E2103M Standard Classification for Bridge Elements—UNIFORMAT II*2019-07-01 Update
  • ASTM E2168 Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating*2023-05-01 Update
  • ASTM E2514 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses*2020-12-01 Update
  • ASTM E631 Standard Terminology of Building Constructions
  • ASTM E833 Standard Terminology of Building Economics*2024-04-21 Update

ASTM E1946-18 history

  • 2023 ASTM E1946-18(2023) Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
  • 2018 ASTM E1946-18 Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
  • 2012 ASTM E1946-12 Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
  • 2007 ASTM E1946-07 Standard Practice for Measuring Cost Risk of Buildings and Building Systems
  • 2002 ASTM E1946-02 Standard Practice for Measuring Cost Risk of Buildings and Building Systems
  • 1998 ASTM E1946-98 Standard Practice for Measuring Cost Risk of Buildings and Building Systems
Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects



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