Standard Practice for Measuring Cost Risk of Buildings and Building Systems
|Publication Date:||10 April 1998|
|ICS Code (Contractual aspects):||91.010.20|
1.1 This practice establishes a procedure for measuring cost risk for buildings and building systems, using the Monte Carlo simulation technique as described in Guide E 1369.
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.