ASTM E2516-11(2019)
Standard Classification for Cost Estimate Classification System

Standard No.
ASTM E2516-11(2019)
Release Date
2019
Published By
American Society for Testing and Materials (ASTM)
Latest
ASTM E2516-11(2019)
Scope
1.1 This classification provides a generic classification system for cost estimates and provides guidelines for applying the classification to cost estimates. 1.2 This classification maps the phases and stages of cost estimating to a generic maturity and quality matrix, keyed to a degree of project definition, that can be applied across a wide variety of industries. 1.3 The Cost Estimate Classification System has been developed in a way that: 1.3.1 provides a common understanding of the concepts involved with classifying cost estimates; 1.3.2 defines and correlates the major characteristics used in classifying cost estimates, and; 1.3.3 uses the degree of project definition as the primary characteristic used to categorize estimate classes. 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 E2516-11(2019) Referenced Document

  • ASTM E1804 Standard Practice for Performing and Reporting Cost Analysis During the Design Phase of a Project
  • ASTM E631 Standard Terminology of Building Constructions
  • ASTM E833 Standard Terminology of Building Economics*2024-04-21 Update

ASTM E2516-11(2019) history

  • 2019 ASTM E2516-11(2019) Standard Classification for Cost Estimate Classification System
  • 2011 ASTM E2516-11 Standard Classification for Cost Estimate Classification System
  • 2006 ASTM E2516-06 Standard Classification for Cost Estimate Classification System
Standard Classification for Cost Estimate Classification System



Copyright ©2024 All Rights Reserved