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ASTM F1090-87(1997)e1

(Classification)

Standard Classification for Bank and Mercantile Vault Construction

Standard Classification for Bank and Mercantile Vault Construction

SCOPE
1.1 This classification is for the use and guidance of those who purchase, design, construct, install, approve, or modify storage vault enclosures, intended for the protection of assets against loss due to forced entry.
1.2 This classification is a systematic arrangement of constructed products, based on similar intrusion resistance characteristics, as derived from available test data.
1.3 This classification does not address fire resistivity.
1.4 This classification does not address the methods of interfacing vault components.
1.5 Nothing in this classification is intended to prevent the use of systems, methods, or devices that provide a level of intrusion resistance equivalent to that prescribed herein.
1.5.1 Any system, method, or device different from that detailed herein may be examined, in accordance with the intent of this standard, and if found equivalent, may be included.
1.6 Nothing in this classification shall be construed to prohibit better or safer conditions than the requirements specified herein.
1.7 Each standard designation cited shall be meant to be the edition in effect on the date this classification was published.
1.8 A rationale is given in Appendix XI. Note-For more information on the construction of bank and mercantile vaults, refer to the following documents: ASTM Specifications A184/A184M, A615, A615M, A635, C33, C94, C150, C494, C618, C685; American Concrete Institute Building Requirements ACI318, and American Welding Society Structural Welding Code D1.4.
1.9 The values stated in inch-pound units are to be regarded as the standard. The values in parentheses are given for information only.

General Information

Status
Historical
Publication Date
09-Sep-1997
ICS
03.060 - Finances. Banking. Monetary systems. Insurance
Technical Committee
F12 - Security Systems and Equipment
Drafting Committee
F12.10 - Systems Products and Services
Current Stage
Ref Project

Relations

Replaced By
ASTM F1090-06 - Standard Classification for Bank and Mercantile Vault Construction
Effective Date
01-Feb-2006
Referred By
ASTM F1247-89(2018) - Standard Specification for Intrusion Resistant Generic Vault Structures
Effective Date
10-Sep-1997

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ASTM F1090-87(1997)e1 - Standard Classification for Bank and Mercantile Vault ConstructionASTM F1090-87(1997)e1 - Standard Classification for Bank and Mercantile Vault Construction
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ASTM F1090-87(1997)e1 - Standard Classification for Bank and Mercantile Vault Construction
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Standards Content (Sample)


NOTICE: This standard has either been superseded and replaced by a new version or withdrawn.
Contact ASTM International (www.astm.org) for the latest information
e1
Designation: F 1090 – 87 (Reapproved 1997)
Standard Classification for
Bank and Mercantile Vault Construction
This standard is issued under the fixed designation F 1090; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (e) indicates an editorial change since the last revision or reapproval.
e NOTE—Keywords were added editorially in July 1998.
1. Scope A 615 Specification for Deformed and Plain Billet-Steel
Bars for Concrete Reinforcement
1.1 This classification is for the use and guidance of those
A 615M Specification for Deformed and Plain Billet-Steel
who purchase, design, construct, install, approve, or modify
Bars for Concrete Reinforcement [Metric]
storage vault enclosures, intended for the protection of assets
A 635 Specification for Steel, Sheet and Strip, HeavyThick-
against loss due to forced entry.
ness Coils, Carbon, Hot-Rolled
1.2 This classification is a systematic arrangement of con-
C 31 Practice for Making and Curing Concrete Test Speci-
structed products, based on similar intrusion resistance char-
mens in the Field
acteristics, as derived from available test data.
C 33 Specification for Concrete Aggregates
1.3 This classification does not address fire resistivity.
C 39 Test Method for Compressive Strength of Cylindrical
1.4 This classification does not address the methods of
Concrete Specimens
interfacing vault components.
C 42 Test Method for Obtaining and Testing Drilled Cores
1.5 Nothing in this classification is intended to prevent the
and Sawed Beams of Concrete
use of systems, methods, or devices that provide a level of
C 94 Specification for Ready-Mixed Concrete
intrusion resistance equivalent to that prescribed herein.
C 150 Specification for Portland Cement
1.5.1 Any system, method, or device different from that
C 172 Practice for Sampling Freshly Mixed Concrete
detailed herein may be examined, in accordance with the intent
C 192 Practice for Making and Curing Concrete Test
of this standard, and if found equivalent, may be included.
Specimens in the Laboratory
1.6 Nothing in this classification shall be construed to
C 494 Specification for ChemicalAdmixtures for Concrete
prohibit better or safer conditions than the requirements
C 496 Test Method for Splitting Tensile Strength of Cylin-
specified herein.
drical Concrete Specimens
1.7 Each standard designation cited shall be meant to be the
C 618 Specification for Coal Fly Ash and Raw or Calcined
edition in effect on the date this classification was published.
Natural Pozzolan for Use as a Mineral Admixture in
1.8 A rationale is given in Appendix X1.
Concrete
NOTE 1—For more information on the construction of bank and
C 685 Specification for Concrete Made by Volumetric
mercantile vaults, refer to the following documents:ASTM Specifications
Batching and Continuous Mixing
A 184/A 184M,A 615,A 615M,A 635, C 33, C 94, C 150, C 494, C 618,
2.2 Underwriters Laboratories Standards:
C 685; American Concrete Institute Building Requirements ACI 318, and
UL 608 Burglary-Resistant Vault Doors and Modular Pan-
American Welding Society Structural Welding Code D 1.4.
els
1.9 The values stated in inch-pound units are to be regarded
UL 680 Emergency Vault Ventilators and Vault Ventilating
as the standard. The values in parentheses are given for
Ports
information only.
2.3 American Concrete Institute Document:
ACI 318 Building Code Requirements for Reinforced Con-
2. Referenced Documents
crete
2.1 ASTM Standards:
2.4 American Welding Society Document:
A 184/A 184M Specification for Fabricated Deformed Steel
Bar Mats for Concrete Reinforcement
Annual Book of ASTM Standards, Vol 01.03.
Annual Book of ASTM Standards, Vol 04.02.
1 5
This classification is under the jurisdiction of ASTM Committee F-12 on Annual Book of ASTM Standards, Vols 04.01 and 04.02.
Security Systems and Equipmentand is the direct responsibility of Subcommittee Available from Underwriters Laboratories, Inc., 333 Pfingsten Road, North-
F12.80on Protective Containment Structures. brook, IL 60062.
Current edition approved Dec. 14, 1987. Published January 1988. Available fromAmerican Concrete Institute, P.O. Box 19150, Redford Station,
Annual Book of ASTM Standards, Vol 01.04. Detroit, MI 48219.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959, United States.
F 1090
D 1.4 Structural Welding Code Reinforcing Steel 5.3.1.2 Modular panels bearing the label: “Underwriters
Laboratories, Inc. Burglary-Resistant Vault Panel, Class M,”
3. Description of Terms Specific to this Standard
and
3.1 alternate construction—a substitute method of fabrica- 5.3.1.3 Vault door(s) bearing the label: “Underwriters Labo-
ratories Inc. Burglary Resistant Vault Door, Class M.”
tion.
3.2 classification—a systematic rating of products based on 5.3.2 Type 1 Vault—Type 1 vault shall be constructed using:
5.3.2.1 Twelve-inch (30-cm) reinforced concrete, as speci-
testing, according to approved criteria.
3.3 door, vault—a movable barrier assembly constructed of fied in 5.4-5.4.2, or
5.3.2.2 Modular panel bearing the label: “Underwriters
intrusion-resistant materials by which a passageway is closed
or opened. Laboratories, Inc. Burglary-Resistant Vault Panel, Class 1,”
3.4 emergency ventilator—a device constructed of and
intrusion-resistant materials for the introduction of fresh air. 5.3.2.3 Vault door(s) bearing the label: “Underwriters Labo-
3.5 equivalent—a term applied to two or more methods, ratories, Inc. Burglary-Resistant Vault Door, Class 1.”
procedures, materials, devices, etc., expected to give the same 5.3.3 Type 2 Vault—Type 2 vault shall be constructed using:
average results. 5.3.3.1 Eighteen-inch (46-cm) reinforced concrete, as speci-
fied in 5.4, or
3.6 generic construction—commonlyavailableconstruction
materials not protected by trademark registration. 5.3.3.2 Modular panel bearing the label: “Underwriters
Laboratories, Inc. Burglary-Resistant Vault Panel, Class 2,”
3.7 heating, ventilating and air conditioning (HVAC)
port—a device constructed of intrusion-resistant materials and
5.3.3.3 Vault door(s) bearing the label: “Underwriters Labo-
providing an opening for intake or exhaust of air.
3.8 in
...

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4.1 This classification is meant to be a guide for the selection of a vault.  
4.2 This classification is intended to assist users in availing themselves of various prefabricated and generically constructed products, while maintaining continuity in the selected intrusion-resistance level.  
4.3 This classification is not meant to recommend or prefer the use of any single product or any type level, or its application.
SCOPE
1.1 This classification is for the use and guidance of those who purchase, design, construct, install, approve, or modify storage vault enclosures, intended for the protection of assets against loss due to forced entry.  
1.2 This classification is a systematic arrangement of constructed products, based on similar intrusion resistance characteristics, as derived from available test data.  
1.3 This classification does not address fire resistivity.  
1.4 This classification does not address the methods of interfacing vault components. Things such as tamper notification, intrusion detection, response timelines, or other issues, typically forming a complete vault system, should be considered for inclusion.  
1.5 Nothing in this classification is intended to prevent the use of systems, methods, or devices that provide a level of intrusion resistance equivalent to that prescribed herein.  
1.5.1 Any system, method, or device different from that detailed herein may be examined, in accordance with the intent of this standard, and if found equivalent, may be included.  
1.6 Nothing in this classification shall be construed to prohibit better or safer conditions than the requirements specified herein.  
1.7 Each standard designation cited shall be meant to be the edition in effect on the date this classification was published.  
1.8 A rationale is given in Appendix X1.  
Note 1: For more information on the construction of bank and mercantile vaults, refer to the following documents: ASTM Specifications A184/A184M, A615/A615M, A635/A635M, C33, C94/C94M, C150, C494/C494M, C618, C685/C685M; American Concrete Institute Building Requirements ACI 318, and American Welding Society Structural Welding Code D 1.4.  
1.9 The values stated in inch-pound units are to be regarded as the standard. The values in parentheses are given for information only.

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Standard Guide for Schedule Performance Index, Schedule Beta (βs)

SIGNIFICANCE AND USE
5.1 The schedule beta (βs) approach produces informational elements: Overall (or composite) schedule beta (βs), schedule beta upside (βs+), and schedule beta downside (βs–)—representing the quantitative components, and the qualitative insight (“early warning”) into the propensity for directional schedule performance for individual schedule participants.  
5.1.1 The quantitative component of schedule beta (βs) (inclusive of the upside and downside subvariants) is an index value that depicts schedule participant’s magnitude and direction of movement as compared to the overall project at an assigned value of 1.0, for example, a βs = +2.5 connotes performance of a schedule participant that moves in the same direction as the collection of completed projects at a rate of 2.5 units (schedule days) for each single unit (schedule day) experienced at the overall project level.  
5.1.2 The qualitative component of schedule beta (βs) (inclusive of the upside and downside subvariants) provides insight as a cautionary and predictive signal depicting the ability for an individual schedule participant to perform in-keeping with the initially-established as-planned schedule duration(s).  
5.2 Schedule beta (βs) also depicts the overall status or health (performing well or not) of a market sector, location and/or trade. Consistent larger schedule beta (βs) values are indicative of external elements (risks) impacting all participants sharing common attribute(s) (that is, trade, location, market sector, etc.).  
5.3 Schedule beta (βs) measures current schedule participant performance. As a rolling value (for example, calculated for projects completed during the two most recently completed full calendar years), it depicts the schedule performance ability of the schedule participant. See Note 1.
Note 1: Schedule Data Source and Usage—Schedule beta (βs) (inclusive of the upside and downside subvariants) utilizes schedule data from any schedule calculation method that depicts individ...
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1.1 This guide covers schedule beta (βs), which measures construction project participant schedule performance versus that of the overall completed project and is based on beta (β) from financial portfolio theory for measuring the correlation between individual stock performance and that of the overall stock market.2 By correlating the delta of actual activity performance (“as-built”) minus that originally scheduled (“as-planned”) to the delta of as-built minus as-planned for the overall completed project for a participant’s collection of projects over a specified period of time, a schedule performance index is established in a similar manner as the aforementioned beta (β) of an individual stock.  
1.2 Schedule beta (βs) measures, as a unitless index value, schedule participant (“subcontractor’s”) performance—ahead or behind—as-planned duration as correlated to its respective overall project’s schedule performance.  
1.3 Schedule beta (βs) is measured with input from at least two (2) independent (mutually exclusive) projects that have reached completion, within the defined period of observation.  
1.4 Schedule beta (βs) is measured across a standard predetermined period of time, in similar fashion to that of the insurance industry’s experience modification rate’s (EMR) most recent two (2) complete calendar years within the past thirty-six (36) months.  
1.5 Schedule beta (βs) evaluates schedule participant’s (“subcontractor’s”) most recent performance, not its complete history, such that is it indicative of current performance and contemporary influences—market, geographic, industry trade, etc.  
1.6 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.  
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ASTM E2675-22(Practice)
Standard Practice for Asset Management System Outcomes

SIGNIFICANCE AND USE
4.1 This practice establishes expected outcomes associated with an asset management system.  
4.2 Understand the difference between performance standards and design standards—these are primarily performance statements versus design statements. What is being measured is achievement, not process.  
4.3 This practice encourages an inclusive understanding and communication of the outcomes associated with an asset management system. As additional standards are added, comparisons on this basis to other asset management systems can be further enabled.  
4.4 This practice, in combination with Practice E2279, should provide an enhanced basis for making decisions surrounding both assets and asset management systems.  
4.5 This practice is intended to foster and enable additional standard practices related to or based on the terms and concepts in the outcomes and outcome components. In particular, this practice may suggest a standard for personal and management skills useful in efforts to achieve these outcomes.  
4.6 This practice is to evaluate how robust the asset management system is, and guide future corrections and improvements.
SCOPE
1.1 This practice describes expected outcomes associated with an asset management system. It is a measure of achievement rather than process and is performance oriented rather than design oriented.  
1.2 Outcomes are defined as information, events, objects, or states of being produced as a result or consequence of an objective, plan, process, accident, effort, or other similar action or occurrence and can be expressed in a quantitative or qualitative manner.  
1.3 An output measure is the tabulation, calculation, or recording of activity or effort and can be expressed in a quantitative or qualitative manner. For example, an output is driving 100 mph; an outcome is arriving safely.  
1.4 An outcome measure is an assessment of the results of a program activity compared to its intended purpose. This practice assumes that inputs are correlated to known or declared outputs of the system or system component being assessed.  
1.5 Consistent with Practice E2452 (EMPM), these outcomes are grouped into process management outcomes and operational outcomes.  
1.5.1 Although they may be directly related, strategies and tactics should not be confused with outcomes. Strategies are long-term plans of action designed to achieve a particular goal. Tactics are maneuvers or actions calculated to achieve some end. For example, increasing exercise is a strategy to attain the goal or outcome of fitness. Running is a supporting tactic to achieve the goal or outcome of fitness. Other tactics or groups of tactics may achieve the same outcome. On the other hand, as the definition of outcome indicates, tactics are not required for attaining outcomes. For example, fitness may be an unplanned result of a job requiring physical exertion.  
1.6 This practice describes the outcomes at a high level, with limited discussion of each outcome or components of each outcome. The intent is to provide a framework for current and potential additional standards. A cross reference relating current standards to the outcomes is provided in Section 5.  
1.7 The outcomes further described in Section 5 are listed in the following:  
1.7.1 Process Management Outcomes:  
1.7.1.1 Outcome 1—Mission Support
1.7.1.2 Outcome 2—Accounting and Accountability
1.7.1.3 Outcome 3—Information Management
1.7.1.4 Outcome 4—Planning
1.7.1.5 Outcome 5—Relationships  
1.7.2 Operational Outcomes:  
1.7.2.1 Outcome 6—Asset Functionality for Intended Purpose
1.7.2.2 Outcome 7—Resource Optimization
1.7.2.3 Outcome 8—Asset Visibility
1.7.2.4 Outcome 9—Safety and Security
1.7.2.5 Outcome 10—Installation, Movement, and Storage  
1.8 In Section 5, a rating scale is provided to quantify in a uniform manner achievement of outcomes and outcome components.  
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4.1 Uses—This guide is intended for use on a voluntary basis by a reporting entity that provides disclosure in its financial statements regarding financial impacts attributed to climate change. The degree and type of disclosure depends on the scope and objective of the financial statements. This guide is intended to apply to U.S. and international operations at the discretion of the reporting entity.8 The user should be aware that there may be contractual obligations, court decisions, or regulatory directives that may affect the flexibility in use of this guide. The user should also maintain an awareness of international regulations that may be relevant to disclosures, such as those of the International Accounting Standards Board and International Financial Reporting Standards.  
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1.2 Objective—The objective of this guide is to determine the conditions warranting disclosure and the content of appropriate disclosure.  
1.3 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.

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ASTM E2676-09(2020)(Practice)
Standard Practice for Tangible Property Mobility Index (MI)

SIGNIFICANCE AND USE
4.1 Establish a standard notational and conversational approach to tangible property mobility and related information to enable precision in requirements and results related to movement and tracking.  
4.2 Foster and enable additional standard practices related to or based on mobility practice and information.
SCOPE
1.1 This practice covers standardizing practice and terminology related to information conveying the mobility of tangible property.  
1.2 This practice describes a graduated index depicting in a standard manner the mobility of tangible property, assigning a standard name and index number to each. The index ranges from indiscernible to immovable. The mobility index ranges from MI 0 for non-discernible items to MI 10 for real property.  
1.3 While examples are given of items that may be associated with a particular mobility index number, the intent of this practice does not include rigid prescriptive assignment of items or types of items to specific mobility indexes. Individual entities may make their own assignments based on their judgment unless or until standard practice based on experience using this practice emerges.  
1.4 In conjunction with Practice E2608, entities may base decisions on control classes and control classes in whole or in part based on the mobility indices of the items.  
1.5 In conjunction with Practice E2132, entities may develop their physical inventory plans for classes of items based in whole or in part on the mobility indices of the items.  
1.6 In conjunction with Practice E2131, entities may analyze and report their loss, damage, and destruction experience based in whole or in part on the mobility indices of the items.  
1.7 There is no existing, recognized practice for recording, discussing, and comparing mobility information.  
1.8 This practice is designed to be applicable and appropriate for all tangible property-holding entities.  
1.9 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.  
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ASTM E3035-15(2020)(Classification)
Standard Classification for Facility Asset Component Tracking System (FACTS)

SIGNIFICANCE AND USE
4.1 This classification defines building elements as major assemblies, components, and attributes common to real property assets and sitework. Elements perform given functions, regardless of the design specification, construction method, materials or products used. (See Terminology E1480, Classifications E1557 and E1670, and Practice E2675.)  
4.2 The classification aligns products to specific functional elements and/or sub-element to enable the development of specialized maintenance procedures. (See Practices E2452, E2604, and E2675.)  
4.3 This alignment will help streamline warehousing requirements and enable functional business units to use a common nomenclature. (See Terminology E1480 and Practice E2452.)  
4.4 The classification will lead to more effective life cycle management of the operation, maintenance and cost of the asset by linking activities and participants in an asset‘s full life-cycle, from initial planning through construction, operations, maintenance, repair, modernization, and disposal. (See Practices E917 and E1334, Classification E1670, Practice E1946, and Guide E2506). See Fig. 1 for life cycle application of FACTS.
FIG. 1 Life Cycle Application of FACTS  
4.5 The benefits of the life cycle application of FACTS are:  
4.5.1 Maintain project tracking and transparency through all phases of project lifecycle.  
4.5.2 Continue to develop requirements and information tracked as processes evolve.  
4.5.3 Inform future projects, policies, processes, and guidance with lessons learned/best practices.  
4.6 The users of this classification include owners, architects and engineers, developers, property managers, asset managers, project managers, operation and maintenance staff, cost estimators, construction contractors, and database administrators. (See Guide E1369, Terminology E1480, Guide E2156, and Practice E2812.)  
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1.1 This standard (FACTS) establishes a classification of building and sitework elements and components, and their associated functions, attributes, and products. Elements, as defined here, are major assemblies and components common to buildings and sitework. Elements usually perform given functions, regardless of the design specification, construction method, or materials used. The attribute classification will lead to more effective management of the operation, maintenance, and life cycle cost of the asset.  
1.2 The classification:  
1.2.1 Incorporates Levels 1, 2, and 3 from Classification E1557:
1.2.1.1 Major Group Element (Classification E1557 Level 1).
1.2.1.2 Group Element (Classification E1557 Level 2).
1.2.1.3 Element (Classification E1557 Level 3).  
1.2.2 Establishes sub-elements at Levels 4 and beyond:
1.2.2.1 Because the main objective is content and not specifically rigid structure, levels beyond those established in Classification E1557 are not balanced.
1.2.2.2 Products and characteristics are introduced at varying levels, depending on the appropriate element and elemental function.
1.2.2.3 Functional elements are aligned with products and product characteristics.  
1.2.3 Incorporates the noun-adjective-attribute relationship between elements, elemental function and the associated products and characteristics.  
1.2.4 This approach identifies specific products that will support the element at its functional level. However, the classification permits the introduction of additional products necessitated due to higher order requirements, such as but not limited to:
(1) Asset type
(2) Asset function
(3) Asset conditions
(4) Building code requirements  
1.3 The classification seeks to define a larger universe of attributes, products, and characteristics that may define its functional use and life cycle cost.  
1.4 The classification also provides a logical database structure for the...

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Standard Practice for Measuring Payback for Investments in Buildings and Building Systems

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5.1 The payback method is part of a family of economic evaluation methods that provide measures of economic performance of an investment. Included in this family of evaluation methods are life-cycle costing, benefit-to-cost and savings-to-investment ratios, net benefits, and internal rates of return.  
5.2 The payback method accounts for all monetary values associated with an investment up to the time at which cumulative net benefits, discounted to present value, just pay off initial investment costs.  
5.3 Use the method to find if a project recovers its investment cost and other accrued costs within its service life or within a specified maximum acceptable payback period (MAPP) less than its service life. It is important to note that the decision to use the payback method should be made with care. (See Section 11 on Limitations.)
SCOPE
1.1 This practice provides a recommended procedure for calculating and applying the payback method in evaluating building designs and building systems.  
1.2 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.

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ASTM F2047-00(2019)(Practice)
Standard Practice for Workers’ Compensation Coverage of Emergency Services Volunteers

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3.2 Emergency services volunteers are presumed to be requested irregularly to provide special skills or assistance on behalf of the agency. As such, these volunteers act as part-time employees of the agency and are empowered to act to provide these services when specifically requested to do so, or pursuant to an approved plan or schedule, or under the supervision of a full-time employee.  
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3.6 Responsibility for workers’ compensation for members of emergency services units shall be the same as outlined in 3.1, and shall be provided by the agency normally directing the activities of the ...
SCOPE
1.1 This practice defines the application of insurance benefits for emergency services volunteers and units in the manner and extent as provided for under the workers’ compensation statutes of the state in which the volunteer or unit provides services.  
1.2 This practice identifies the basic types of emergency service volunteer, and the types of activities that should be covered by workers’ compensation insurance.  
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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.

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ASTM
ASTM E2606-18(Practice)
Standard Practice for Receipt Notification as a Result of Tangible Asset Movement

SIGNIFICANCE AND USE
4.1 It is the intent of these principles to provide guidance for an efficient system to acknowledge custody of tangible assets through certification of receipt.  
4.2 These principles allow for enhanced control of tangible asset movement within any organizational structure, including suppliers and alternate locations.  
4.3 Use of this practice will provide an auditable document for proof of custody change.
SCOPE
1.1 This practice covers the process of receipt notification as a result of tangible asset movement. This practice provides further guidance in conjunction with Practice E2605.  
1.2 The application of this practice should promote accurate visibility of tangible asset location and timely record updates.  
1.3 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.  
1.4 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.

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ASTM
ASTM E2557-16a(Practice)
Standard Practice for Probable Maximum Loss (PML) Evaluations for Earthquake Due-Diligence Assessments

SIGNIFICANCE AND USE
5.1 This practice is intended for use as a voluntary standard by parties who wish to undertake the seismic risk assessment of properties. The goal is for users to objectively and reliably compare the financial risks of earthquake damage to buildings, or groups of buildings, on a consistent basis.  
5.2 This practice is designed to provide requirements for the evaluation of earthquake damage risk so that technical reports prepared for the evaluation and rating of seismic risk of a building(s) will be adequate for use by other entities. Potential users including, but are not be limited to, those making equity investments, lending, and financial transactions, including securitized mortgage lending by mortgage originators, loan servicers, underwriters, rating agencies, and purchasers of bonds secured by the real estate.  
5.3 The use of this practice may permit a user to satisfy, in part, their requirements for due diligence in assessing a property's potential for losses associated with earthquakes for real estate transactions.
SCOPE
1.1 This practice establishes standard-of-care for evaluation and classification of the financial risks from earthquake damage to real estate improvements for use in financial mortgage transactions and capital investment evaluation. As such, this practice permits a user to satisfy, in part, their real estate transaction due-diligence requirements with respect to assessing and characterizing a property’s potential losses from earthquakes. This practice is intended to address only physical damage to the property from site and building response.  
1.1.1 Hazards addressed in this practice include earthquake ground shaking, earthquake-caused site instability, including faulting, subsidence, settlement landslides and soil liquefaction, earthquake-caused tsunamis and seiches, and earthquake-caused flooding from dam or dike failures.  
1.1.2 Earthquake-caused fires and toxic materials releases are not hazards considered in this practice.  
1.1.3 This practice does not purport to provide for the preservation of life safety, or prevention of building damage associated with its use, or both.
1.1.3.1 This practice does not address requirements of any federal, state, or local laws and regulations of building construction or maintenance. Users are cautioned that current federal, state, and local laws and regulations may differ from those in effect at the times of construction or modification of the building(s), or both.
1.1.3.2 This practice does not address the contractual and legal obligations between prior and subsequent Users of seismic risk assessment reports or between providers who prepared the report and those who would like to use such prior reports.
1.1.3.3 This practice does not address the contractual and legal obligations between a provider and a user, and other parties, if any.  
1.1.4 It is the responsibility of the owner of the building(s) to establish appropriate life-safety and damage prevention practices and determine the applicability of current regulatory limitations prior to use.  
1.2 Considerations not included in the scope: the impacts of damage to contents, loss of income(s), rents, or other economic benefits of use of the property, or from legal judgments, fire sprinkler water-induced damage or fire.  
1.3 The values stated in inch-pound units are to be regarded as standard. The values given in parentheses are mathematical conversions to SI units that are provided for information only and are not considered standard.

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  • Standard
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