ASTM E2168-10R23 - Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
| Standard number: | ASTM E2168-10R23 |
| Released: | 01.05.2023 |
| Status: | Active |
| Pages: | 9 |
| Section: | 04.12 |
| Keywords: | allowance; budgeting; building economics; classification; construction estimating; contingency; cost control; cost estimating; cost planning; cost risk; reserve; UNIFORMAT II; |
1.1 This classification 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 E1557). Rather, the classification items are cost components common to construction, project, and program estimates.
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.