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ASTM E2620-15(2020)

(Classification)

Standard Classification for Program and Project Estimate Summaries

Standard Classification for Program and Project Estimate Summaries

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.
SCOPE
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 E1557 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.

General Information

Status
Published
Publication Date
31-Mar-2020
ICS
91.010.20 - Contractual aspects
Technical Committee
E06 - Performance of Buildings
Drafting Committee
E06.81 - Building Economics
Current Stage
Ref Project

Relations

Refers
ASTM E1557-09(2020)e1 - Standard Classification for Building Elements and Related Sitework—UNIFORMAT II
Effective Date
01-Apr-2020

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ASTM E2620-15(2020) - Standard Classification for Program and Project Estimate SummariesASTM E2620-15(2020) - Standard Classification for Program and Project Estimate Summaries
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ASTM E2620-15(2020) - Standard Classification for Program and Project Estimate Summaries
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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.
Designation:E2620 −15 (Reapproved 2020)
Standard Classification for
1
Program and Project Estimate Summaries
This standard is issued under the fixed designation E2620; 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 (´) indicates an editorial change since the last revision or reapproval.
1. Scope E2514 Practice for Presentation Format of Elemental Cost
Estimates, Summaries, and Analyses
1.1 This classification establishes a classification of cost
3
2.2 Other Standard:
summaries for use when estimating program and project costs.
MasterFormat
1.2 This classification can be applied to construction pro-
grams and projects that include one or more construction work
3. Terminology
projects.
3.1 Definitions: For other definitions of general terms re-
1.3 This classification is not based on permanent physical
latedtobuildingconstructionusedinthisclassification,referto
elements of construction (as defined and classified in Classifi-
Terminology E631; and for general terms related to building
cation E1557 for example); rather, the classification items are
economics, refer to Terminology E833.
cost components common to most program and project esti-
3.1.1 element, n—in construction planning, design,
mates.
specification, estimating, and cost analysis, a significant com-
1.4 This standard does not purport to address all of the ponent part of the whole that performs a specific function, or
functions, regardless of design, specification, or construction
safety concerns, if any, associated with its use. It is the
responsibility of the user of this standard to establish appro- method.
3.1.1.1 Discussion—While through analysis, or by direct
priate safety, health, and environmental practices and deter-
mine the applicability of regulatory limitations prior to use. application, construction estimates categorized into elements
(functional elements) with allocated costs, may be summarized
1.5 This international standard was developed in accor-
dance with internationally recognized principles on standard- in an elemental cost summary or elemental cost analysis;
elements (functional elements) also provide a framework for
ization established in the Decision on Principles for the
Development of International Standards, Guides and Recom- consistent preliminary project description, outline, and perfor-
mance specification, through all stages of planning, design,
mendations issued by the World Trade Organization Technical
Barriers to Trade (TBT) Committee. construction, and maintenance.
3.1.2 elemental cost analysis, n—in construction planning,
2. Referenced Documents
design,specification,estimating,andcostanalysis,atabulation
2
2.1 ASTM Standards:
of cost categorized by major group element, group element,
E631 Terminology of Building Constructions
or element, or any combination thereof, to which a parameter
E833 Terminology of Building Economics
quantity, or parameter quantities, has, or have, been applied to
E1557 Classification for Building Elements and Related
derive benchmark figures (rates, ratios, percentages, and so
Sitework—UNIFORMAT II
forth).
E2083 Classification for Building Construction Field
3.1.2.1 Discussion—Elemental cost analyses are valuable
Requirements, and Office Overhead & Profit
tools in planning, estimating, and controlling construction cost
E2168 Classification for Allowance, Contingency, and Re-
through all stages of planning and design. The benchmark
serve Sums in Building Construction Estimating
figures are primarily derived from underlying estimate detail
but can, in some circumstances, be used directly to approxi-
mate estimates for other projects.
1
This classification is under the jurisdiction of ASTM Committee E06 on
3.1.3 elemental cost summary, n—in construction planning,
Performance of Buildings and is the direct responsibility of Subcommittee E06.81
on Building Economics. design,specification,estimating,andcostanalysis,atabulation
Current edition approved April 1, 2020. Published April 2020. Originally
of cost categorized by major group element, group element,
approved in 2008. Last previous edition approved in 2015 as E2620–15. DOI:
or element.
10.1520/E2620-15R20.
2
For referenced ASTM standards, visit the ASTM website, www.astm.org, or
contact ASTM Customer Service at service@astm.org. For Annual Book of ASTM
3
Standards volume information, refer to the standard’s Document Summary page on Available from the Construction Specifications Institute (CSI), 110 South
the ASTM website. Union Street, Suite 100, Alexandria VA 22314, http:
...

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SIGNIFICANCE AND USE
5.1 LCC analysis is an economic method for evaluating a project or project alternatives over a designated study period. The method entails computing the LCC for alternative building designs or system specifications having the same purpose and then comparing them to determine which has the lowest LCC over the study period.  
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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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