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ASTM E2137-01

Historical Revision

Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters

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1.1 Purpose--The purpose of this document is to provide a standard guide in the United States for estimating costs and liabilities for environmental matters. Many possible uses for estimates of costs and liabilities for environmental matters exist, including but not limited to business decision making, communications and negotiations involving change of property ownership, regulatory requirements, third-party lawsuits, insurance premium calculation and claim settlement, change of property use, revitalization, compliance planning, construction, analysis of remedial alternatives, budgeting, strategic planning, financing, and investment analysis by shareholders. The use of estimated costs and liabilities developed in accordance with this standard may be subject to other standards applicable to the matter involved. For example, it is not intended to supersede accounting and actuarial standards including those by the Financial Accounting Standards Board and the U.S. Security and Exchange Commission. This standard does not address the establishment of reserves or disclosure requirements.

1.2 Objectives--The objective of this standard is to provide guidance on approaches for estimating costs and liabilities for environmental matters.


SDO ASTM: ASTM International
Document Number E2137
Publication Date March 10, 2001
Language en - English
Page Count 9
Revision Level 01
Supercedes
Committee E50.05
Publish Date Document Id Type View
Oct. 1, 2022 E2137-22 Revision
March 1, 2017 E2137-17 Revision
Nov. 1, 2006 E2137-06 Revision
March 10, 2001 E2137-01 Revision
July 1, 2011 E2137-06R11 Reaffirmation