ASTM E2514-15R25
Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
| Standard number: | ASTM E2514-15R25 |
| Released: | 01.08.2025 |
| Status: | Active |
| Pages: | 22 |
| Section: | 04.12 |
| Keywords: | allowances; building cost estimate; contingencies; elemental analysis; elemental estimate; elemental summary; field requirements; office overhead & profit; presentation format; |
| ASTM number: | ASTM E2514 |
| Supersedes: | E2514-15R20 |
1.1 This practice covers the concurrent use of relevant ASTM standards for the preparation of elemental cost estimates, summaries, and analyses and specifically their presentation in a concise, consistent, and logical manner.
1.2 While the style and directions use construction terms applied to buildings, the principles apply equally well to other forms of construction where appropriate elemental classifications exist.
1.3 This practice is not an estimating manual, nor is it a guide to the skills and knowledge required of an estimator or other cost professional.
Note 1: The skills and knowledge acquired by a trained and experienced estimator are essential to the successful application of any elemental presentation format. They are the foundation of any estimate and the underpinning knowledge required when applying the elemental technique.
1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.
1.5 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.