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ASTM E1699-00

Historical Revision

Standard Practice for Performing Value Engineering (VE)/Value Analysis (VA) of Projects, Products and Processes

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1.1 This practice covers a procedure for defining and satisfying the requirements of the user's/owner's project.

1.2 A multidisciplinary team uses the procedure to convert design criteria and specifications into descriptions of project functions and then relates these functions to revenues and cost.

1.3 Examples of costs are all revelant costs over a designated study period, including the costs of obtaining funds, designing, purchasing/leasing, constructing/installing, operating, maintaining, repairing, replacing and disposing of the particular building design or system (see Terminology E833). While not the only criteria, cost is an important basis for comparison in a value analysis study of a building. Therefore, accurate and comprehensive cost data is an important element of the analysis.

1.4 This is a procedure to develop alternatives that meet the building's required functions. Estimate the costs for each alternative. Provide the user/owner with specific, technically accurate alternatives, appropriate to the stage of project development, which can be implemented. The user/owner selects the alternative(s) that best satisfies his needs and requirements.

1.5 Apply this practice to an entire project or to any subsystem. The user/owner can utilize the VA procedure to select the element or scope of the project to be studied.


SDO ASTM: ASTM International
Document Number E1699
Publication Date Oct. 10, 2000
Language en - English
Page Count 6
Revision Level 00
Supercedes
Committee E06.81
Publish Date Document Id Type View
April 1, 2014 E1699-14 Revision
Nov. 1, 2013 E1699-13 Revision
April 1, 2010 E1699-10 Revision
Oct. 10, 2000 E1699-00 Revision
Oct. 1, 2020 E1699-14R20 Reaffirmation
Oct. 1, 2005 E1699-00R05 Reaffirmation