ASTM E2204-15
Standard Guide for Summarizing the Economic Impacts of Building-Related Projects

Standard No.

ASTM E2204-15

Release Date

2015

Published By

American Society for Testing and Materials (ASTM)

Status

Be replaced

Replace By

ASTM E2204-15(2020)e1

Latest

ASTM E2204-15(2020)e1

Scope

5.1 This guide reduces the time and effort to communicate the findings of project impact studies and improves the quality of communication between those who measure economic impacts and those who evaluate and interpret them.

5.2 Following the guide assures the user that relevant economic information on the project is included in a summary format that is understandable to both the preparer and user.

5.3 Since the standard guide provides a consistent approach to reporting the economic impacts of projects, it facilitates the comparison of economic studies across projects and over time.

5.4 The guide focuses on projects in construction and building-related research. It applies to government as well as private projects. And while the examples treat building-related projects, the guide is applicable to non-building-related projects as well.

5.5 Building-sector users of this guide include building owners and managers, private-sector construction companies, research groups in building and construction industry trade associations, parties to public-sector construction projects, and government laboratories conducting building-related research.

5.6 Use the guide to summarize the results of economic impact studies that use Practices E917 (Life-Cycle Costs), E964 (Benefit-to-Cost and Savings-to-Investment Ratios), E1057 (Internal Rate of Return and Adjusted Internal Rate of Return), E1074 (Net Benefits and Net Savings), E1121 (Payback), E1699 (Value Engineering/Value Analysis), and E1765 (Analytical Hierarchy Process for Multiattribute Decision Analysis).

5.7 Use this guide in conjunction with Guide E1369 to summarize the results of economic impact studies involving natural or man-made hazards, or both, that occur infrequently but have significant consequences.

5.8 Use the guide to summarize the impacts of projects that affect exclusively initial costs, benefits, or savings, as well as projects that affect life-cycle costs, benefits, or savings.

Note 1: Examples of projects dealing exclusively with initial costs, benefits, or savings include design modifications or innovative construction practices that reduce labor or material costs, reduce construction duration, or increase construction productivity, but leave future costs, benefits, or savings unchanged.

5.9 Use the guide to summarize the impacts of projects that affect parties that are internal to the organization preparing the summary as well as projects that affect not only the organization preparing the summary but also groups external to the organization.

ASTM E2204-15 Referenced Document

• ASTM E1057 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
• ASTM E1074 Standard Practice for Measuring Net Benefits for Investments in Buildings and Building Systems
• ASTM E1121 Standard Practice for Measuring Payback for Investments in Buildings and Building Systems
• ASTM E1369 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
• ASTM E1699 Standard Practice for Performing Value Engineering (VE)/Value Analysis (VA) of Projects, Products and Processes
• ASTM E1765 Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems
• ASTM E2506 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
• ASTM E631 Standard Terminology of Building Constructions
• ASTM E833 Standard Terminology of Building Economics*， 2024-04-20 Update
• ASTM E917 Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
• ASTM E964 Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems

ASTM E2204-15 history

• 2020 ASTM E2204-15(2020)e1 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• 2015 ASTM E2204-15 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• 2011 ASTM E2204-11a Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• 2011 ASTM E2204-11 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• 2005 ASTM E2204-05e1 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• 2005 ASTM E2204-05 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• 2002 ASTM E2204-02 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects