ASTM E1185
Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
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- Language: English
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About This Item
ASTM E1185 is the ASTM standard for selecting economic methods used to evaluate investments in buildings and building systems. It provides a structured way to compare financial decision-making approaches so owners, designers, and facility teams can assess alternatives more consistently. Based on the official title, this standard is especially relevant when economic performance influences building-related investment choices, helping users apply a disciplined method rather than relying on inconsistent judgment alone.
Purpose of ASTM E1185
The purpose of ASTM E1185 is to guide users in choosing appropriate economic methods for evaluating building and building system investments. It supports comparisons of alternatives where cost, value, and financial outcomes need to be considered in a consistent way. As a technical document, it is useful for framing evaluation criteria and selecting a suitable analysis method for a specific decision. ASTM E1185 helps keep investment review aligned with a repeatable process and clearer economic reasoning.
Common use cases of ASTM E1185
This standard is commonly used during planning, budgeting, and capital improvement decisions for buildings and related systems. It may support evaluations of upgrade options, replacement strategies, and other investment alternatives where economic performance matters. ASTM E1185 is also relevant when organizations need a common approach for comparing projects across different building assets. In practice, it helps teams choose an evaluation method that fits the decision at hand and the available financial information.
Why ASTM E1185 matters
ASTM E1185 matters because economic decisions in buildings can affect long-term cost, performance, and resource allocation. Using a recognized ASTM standard can improve consistency across reviews, reduce uncertainty in comparing options, and support more transparent procurement or planning decisions. It also helps reduce the risk of selecting an evaluation method that does not match the investment question. For organizations managing building assets, ASTM E1185 adds structure to financial analysis and decision support.
- Economic method selection
- Building investment evaluation
- Building system decision support
- Comparative cost analysis
- Consistent financial review process
- Publication Date: 2020-05-06
- Publisher: ASTM
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