Identification of Construction Cost Estimates
Cost estimators and others who compile information for most types of construction projects, products or endeavors will be the primary users of a proposed new ASTM International standard, WK18808, Classification for Cost Item General Categories Universally Applicable in Most Code-of-Accounts Structures and Across Most Typical Cost Estimates. The proposed new standard is being developed by Subcommittee E06.81 on Building Economics, part of ASTM International Committee E06 on Performance of Buildings.
According to Bryan Skokan, an E06 member who has worked at the U.S. Department of Energy, the ongoing development of WK18808 has grown from a DOE project called Environmental Cost Analysis System. The primary structure for ECAS is the framework provided in ASTM E2150, Classification for Life-Cycle Environmental Work Elements — Environmental Cost Element Structure. However, it was determined that a standard was needed that went into greater detail concerning cost element components and codes of accounts, so the DOE Environmental Management Applied Cost Engineering team, in conjunction with other federal agencies on the Environmental Cost Engineering Committee, decided to launch development of WK18808.
When completed, WK18808 will be applicable, at a detailed code of accounts level, for organizing cost estimates or for any type of detailed cost information. It will be applicable for listings of historical and current cost information as well as for estimates on future work.
Technical Information: Bryan Skokan, U.S. Department of Energy, Centreville, Va.
ASTM Staff: Stephen Mawn