1. Scope
1.1 This classification provides identification of cost elements that are common to all project activities. 1.2 These common cost elements are further broken down into code-of-accounts items, subelements, or components of which the cost elements are comprised. 1.3 This classification defines the individual cost-element components that are common to all project activities.
This classification is needed to define the content of and the hierarchical manner in which the cost items are aggregated below the level of a single cost element within an estimate or cost collection system. For example, some cost-estimating reference manuals include the fuel required to operate construction equipment as part of equipment costs, while others include it as part of the materials used in the project. This classification would permit the standardization of cost items that exist below the cost element level.
Keywords
cost element; cost element components; cost estimate; cost components; total activity cost; total direct costs; total indirect costs; composite labor cost; craft labor; professional labor; equipment/rentals; composite materials/utilities; materials and supplies; fuel and utilities; composite subcontractor cost; professional services; construction/subcontracts; general and administrative; profit and fee:
The title and scope are in draft form and are under development within this ASTM Committee.
Citing ASTM Standards
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