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Scope

1.1 This standard establishes a classification for allowance, contingency, and reserve sums used in construction, project, and program estimating.

1.2 This classification applies to all construction work.

1.3 This classification is not based on permanent physical elements of construction (as defined and classified in Classification E 1557. Rather, the classification items are cost components common to construction, project, and program estimates.

Keywords

allowance, contingency, reserve, cost risk; building economics, classification, construction estimating; cost estimating; cost planning; cost control; UNIFORMAT II, budgeting; ICS Number Code 91.010.20 (Contractual aspects)

To find similar documents by ASTM Volume:

04.12 (Building Constructions (II): E2112 - latest; Sustainability; Property Management Systems; Technology and Underground Utilities)

To find similar documents by classification:

91.010.20 (Contractual aspects)

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