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About This Item

 

Full Description

1.1 This classification provides a generic classification system for cost estimates and provides guidelines for applying the classification to cost estimates.

1.2 This classification maps the phases and stages of cost estimating to a generic maturity and quality matrix, keyed to a degre of project definition, that can be applied across a wide variety of industries.

1.3 The Cost Estimate Classification System has been developed in a way that:

1.3.1 provides a common understanding of the concepts involved with classifying cost estimates;

1.3.2 defines and correlates the major characteristics used in classifying cost estimates, and;

1.3.3 uses the degree of project definition as the primary characteristic used to categorize estimate classes.

 

Document History

  1. ASTM E2516-11(2024)


    Standard Classification for Cost Estimate Classification System

    • Most Recent
  2. ASTM E2516-11(2019)


    Standard Classification for Cost Estimate Classification System

    • Historical Version
  3. ASTM E2516-11

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    Standard Classification for Cost Estimate Classification System

    • Historical Version
  4. ASTM E2516-06


    Standard Classification for Cost Estimate Classification System

    • Historical Version