ASTM-E1946:2023 Edition

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E1946-18(2023) Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects

Published By	Publication Date	Number of Pages
ASTM	2023	9

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Categories: 91.010.20 - Contractual aspects, ASTM

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Description

ASTM E1946-18-Reapproved2023

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

ASTM E1946

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.

Keywords

cost model; cost risk analysis; Monte Carlo simulation; sensitivity analysis; UNIFORMAT II;

ICS Code

ICS Number Code 91.010.20 (Contractual aspects)

DOI: 10.1520/E1946-18R23

Additional information

Standard Title	E1946-18(2023) Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
Published Code	ASTM
Publication Date	2023
Pages Count	9
ICS Codes	91.010.20 - Contractual aspects