ASTM E1946-07

Standard Practice for Measuring Cost Risk of Buildings and Building Systems

STANDARD published on 1.4.2007

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The information about the standard:

Designation standards: ASTM E1946-07
Note: WITHDRAWN
Publication date standards: 1.4.2007
SKU: NS-43686
The number of pages: 9
Approximate weight : 27 g (0.06 lbs)
Country: American technical standard
Category: Technical standards ASTM

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Annotation of standard text ASTM E1946-07 :

Keywords:

cost model, cost risk analysis, Monte Carlo simulation, sensivity analysis, ICS Number Code 91.010.20 (Contractual aspects)

Additional information

1. Scope

1.1 This practice covers a procedure for measuring cost risk for buildings and building systems, using the Monte Carlo simulation technique as described in Guide E 1369.

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.

2. Referenced Documents

E833-14(2021)	Standard Terminology of Building Economics
E631-15	Standard Terminology of Building Constructions
E1557-09(2020)e1	Standard Classification for Building Elements and Related Sitework´UNIFORMAT II (Includes all amendments and changes 5/6/2020).
E1369-15(2020)e1	Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems (Includes all amendments and changes 5/6/2020).
E2103-11	Standard Classification for Bridge Elements—UNIFORMAT II
E2168-10(2023)	Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating

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