ASTM International - ASTM E2516-11(2019)

Standard Classification for Cost Estimate Classification System

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Organization: ASTM International
Publication Date: 1 October 2019
Status: active
Page Count: 7
ICS Code (Accountancy): 03.100.60
significance And Use:

4.1 Use of this classification will improve communication among all the stakeholders involved with preparing, evaluating, and using cost estimates.

4.2 The various parties that use cost... View More

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.

Document History

ASTM E2516-11(2019)
October 1, 2019
Standard Classification for Cost Estimate Classification System
4.1 Use of this classification will improve communication among all the stakeholders involved with preparing, evaluating, and using cost estimates. 4.2 The various parties that use cost estimates...
April 1, 2011
Standard Classification for Cost Estimate Classification System
Use of this classification will improve communication among all the stakeholders involved with preparing, evaluating, and using cost estimates. The various parties that use cost estimates often...
October 1, 2006
Standard Classification for Cost Estimate Classification System
Use of this classification will improve communication among all the stakeholders involved with preparing, evaluating, and using cost estimates. The various parties that use cost estimates often...
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