ASTM International - ASTM E1946-12
Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
Organization: | ASTM International |
Publication Date: | 1 April 2012 |
Status: | inactive |
Page Count: | 9 |
ICS Code (Contractual aspects): | 91.010.20 |
significance And Use:
Measuring cost risk enables owners of buildings and other constructed projects, architects, engineers, and contractors to measure and evaluate the cost risk exposures of their construction... View More
scope:
1.1 This practice covers a procedure for measuring cost risk for buildings and building systems and other constructed projects, using the Monte Carlo simulation technique as described in Guide E1369.
1.2 A computer program is required for the Monte Carlo simulation. This can be one of the commercially available software programs for cost risk analysis, or one constructed by the user.
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