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.
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Basic formats for Elemental Costing and Measurement:
CIQS Standard:
CIQS Method of Measurement – Pricing & Measurement of Buildings by Area & Volume, 4th Edition
Uniformat Standard:
ASTM 1557 - 5 UNIFORMAT II
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References:
Trade Breakdown and 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.
