E06.81 on Building EconomicsThe subcommittee develops standards that serve as guidelines for making building and infrastructure choice, design, construction, operations, cleanup, and disposal decisions based on economic analysis. Standards include definitions of economic techniques and terms; practices or methods related to economic evaluation; guides to help in the selection of appropriate economic methods and techniques; classifications of building, construction, and site-related elements or components; and adjuncts of data, software, techniques, and other aids that support use of the standards. Case illustrations are provided for applications of the standard practices.

The aim is to provide the building and construction community with standard terminology and evaluation practices that will guide economic evaluations of all types of investment over a project's life cycle-ranging from the planning, programming, and design phases through the construction, operations, decommissioning, disposal, and caretaking phases.

Intended users of the standards and adjuncts are manufacturers and producers; federal, state, and local government agencies; private building owners; constructors; building code bodies; architectural/engineering firms; consumers' groups; trade associations; research groups; consulting firms; and universities.