ASTM E2204-05

Standard Guide for Summarizing the Economic Impacts of Building-Related Projects

SCOPE
1.1 This guide covers a generic format for summarizing the economic impacts of building-related projects.
1.2 The guide provides technical persons, analysts, and researchers a tool for communicating project impacts in a condensed format to management and non-technical persons.
1.3 The generic format described in this guide calls for a description of the significance of the project, the analysis strategy, a listing of data and assumptions, and a presentation of the key economic measures of project impact.

General Information

• Status: Historical
• Publication Date: 30-Apr-2005
• ICS: 03.100.01 - Company organization and management in general
• ICS: 91.020 - Physical planning. Town planning
• Technical Committee: E06 - Performance of Buildings
• Drafting Committee: E06.81 - Building Economics

Relations

• Replaces: ASTM E2204-02 - Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• Effective Date: 01-May-2005
• Replaced By: ASTM E2204-05e1 - Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• Effective Date: 01-May-2005
• Referred By: ASTM E1057-15(2020)e1 - Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
• Effective Date: 01-May-2005
• Referred By: ASTM E1074-15(2020)e1 - Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
• Effective Date: 01-May-2005
• Referred By: ASTM E917-17(2023) - Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
• Effective Date: 01-May-2005
• Referred By: ASTM E964-15(2020)e1 - Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
• Effective Date: 01-May-2005
• Referred By: ASTM E2506-15(2020)e1 - Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
• Effective Date: 01-May-2005
• Referred By: ASTM E1369-15(2020)e1 - Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
• Effective Date: 01-May-2005
• Referred By: ASTM E3130-21 - Standard Guide for Developing Cost-Effective Community Resilience Strategies
• Effective Date: 01-May-2005

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
Designation:E2204–05
Standard Guide for
Summarizing the Economic Impacts of Building-Related
1
Projects
This standard is issued under the fixed designation E 2204; 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.
INTRODUCTION
Quantitative descriptions of economic impacts are a basic requirement in many organizations for
evaluating budget requests and the value of a project to the organization. Several measures of
economic performance are available for evaluating building-related investments. These measures
include, but are not limited to, life-cycle cost, the benefit-to-cost ratio, adjusted internal rate of return,
and net benefits. This guide provides a generic format for presenting these economic measures of
building-related investments.
1. Scope E 1074 Practice for Measuring Net Benefits and Net Sav-
ings for Investments in Buildings and Building Systems
1.1 This guide covers a generic format for summarizing the
E 1121 Practice for Measuring Payback for Investments in
economic impacts of building-related projects.
Buildings and Building Systems
1.2 The guide provides technical persons, analysts, and
E 1369 Guide for Selecting Techniques for Treating Uncer-
researchers a tool for communicating project impacts in a
tainty and Risk in the Economic Evaluation of Buildings
condensed format to management and non-technical persons.
and Building Systems
1.3 The generic format described in this guide calls for a
E 1699 Practice for Performing Value Analysis (VA) of
description of the significance of the project, the analysis
Buildings and Building Systems
strategy, a listing of data and assumptions, and a presentation
E 1765 Practice forApplying theAnalytical Hierarchy Pro-
of the key economic measures of project impact.
cess (AHP) to Multiattribute Decision Analysis of Invest-
2. Referenced Documents
ments Related to Buildings and Building Systems
2
2.2 ASTM Adjuncts:
2.1 ASTM Standards:
Discount Factor Tables, Adjunct to Practice E 917
E 833 Terminology of Building Economics
Computer Program and User’s Guide toAHP/Expert Choice
E 917 PracticeforMeasuringLife-CycleCostsofBuildings
for ASTM Building Evaluation, Adjunct to Classifica-
and Building Systems
tions E 1557, E 1660 through E 1671, E 1693, E 1694,
E 964 Practice for Measuring Benefit-to-Cost and Savings-
E 1700, and E 1701, and Practices E 917, E 964, E 1057,
to-Investment Ratios for Buildings and Building Systems
E 1074, and E 1765
E 1057 Practice for Measuring Internal Rate of Return and
Adjusted Internal Rate of Return for Investments in Build-
3. Terminology
ings and Building Systems
3.1 Definitions—For definitions of terms used in this guide,
refer to Terminology E 833.
1
This guide is under the jurisdiction of ASTM Committee E06 on Performance
of Buildings and is the direct responsibility of Subcommittee E06.81 on Building
4. Summary of Guide
Economics.
4.1 This guide presents a standard format for presenting the
Current edition approved May 1, 2005. Published May 2005. Originally
approved in 2002. Last previous edition approved in 2002 as E 2204 – 02.
economic impacts of building-related projects. It includes the
2
For referenced ASTM standards, visit the ASTM website, www.astm.org, or
entire range of private and public construction projects, as well
contact ASTM Customer Service at [e-mail]. For Annual Book of ASTM
as research related to those projects.
Standards volume information, refer to the standard’s Document Summary page on
the ASTM website.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959, United States.
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E2204–05
Examples include, but are not limited to, building-related research
4.2 The generic format provided in this guide helps decision
conducted by government laboratories, projects aimed at mitigating the
makers and managers understand the background and objec-
consequences of natural or man-made hazards, or both, that have the
tives of a project, the data from which impacts were calculated,
potential to cause collateral damage, and highway and bridge construc-
how impact was measured, and the significance of the project’s
tions that affect traffic patterns.
measures of worth.
5.10 There is no limitation to the use of the guide in
facilitating communication between project analysts and
5. Significance and Use
project managers and other decision makers. Substantial ben-
5.1 This guide reduces the time and effort to communicate
efits from using the guide, however, are likely to come from its
the findings of project impact
...