Life Cycle Value Management

Standards and References

 

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Elemental Costing and Measurement has two basic formats:


I.                    CIQS Standard: CIQS Method of Measurement – Pricing & Measurement of Buildings by Area & Volume, 4th Edition

II.                  Uniformat Standard: ASTM 1557 - 5 UNIFORMAT II

Trade Breakdownand Specification Formatting:
CIQS Method of Measurement of Construction Works, 8th Edition, 2004 “Masterformat system TM”

Life Cycle Costing:
ASTM E917-05 Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems1

Performing and Reporting:
Cost Analysis during design: ASTM E1804

Class of Estimates:
Standard Estimating Classification System ASTM E2516-06

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Cost Estimate Classification System:

Expected estimate accuracy range is an indication of the degree to which the final cost outcome for a given project will vary from the estimated cost.