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Significance and Use
4.1 Program and project estimates are a necessary part of planning and implementing any program of work.
4.2 These estimates are used by persons involved in the planning and management of programs and projects. They are an essential part of establishing initial budgets and provide a framework for continuing updates permitting cost control through the life of a program and its various projects.
4.3 Users include owners, developers, facilities programmers, financial managers, company controllers, executives, program managers, project managers, and specialist cost planners including life cycle cost analysts.
4.4 They are also of use in risk management, and also provide a consistent list of major activity phases for use in program and project time schedules.
1.1 This classification establishes a classification of cost summaries for use when estimating program and project costs.
1.2 This classification can be applied to construction programs and projects that include one or more construction work projects.
1.3 This classification is not based on permanent physical elements of construction (as defined and classified in Classification for example); rather, the classification items are cost components common to most program and project estimates.
1.4 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.
1.5 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.
2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.
E631 Terminology of Building Constructions
E833 Terminology of Building Economics
E1557 Classification for Building Elements and Related SiteworkUNIFORMAT II
E2083 Classification for Building Construction Field Requirements, and Office Overhead & Profit
E2168 Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
E2514 Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
ICS Number Code 91.010.20 (Contractual aspects)
UNSPSC Code 30000000(Structures and Building and Construction and Manufacturing Components and Supplies); 81120000(Economics)
|Link to Active (This link will always route to the current Active version of the standard.)|
ASTM E2620-15(2020), Standard Classification for Program and Project Estimate Summaries, ASTM International, West Conshohocken, PA, 2020, www.astm.orgBack to Top