Environmental Valuation & Cost-Benefit News
ASTM E2137-06 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
09/30/07
12:00:07 am, by damageva 
, 282 words, 189 views 
Categories: General, Contaminated Properties, Companies,CSR,Business,Finance, Costs and Benefits
ASTM E2137-06 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
1.1 Purpose The purpose of this document is to provide a standard guide 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.
2. Referenced Documents
E1527 Practice for Environmental Site Assessments Phase I Environmental Site Assessment Process
E1739 Guide for Risk-Based Corrective Action Applied at Petroleum Release Sites
E2081 Guide for Risk-Based Corrective Action
E2091 Guide for Use of Activity and Use Limitations, Including Institutional and Engineering Controls
E2205 Guide for Risk-Based Corrective Action for Protection of Ecological Resources
E2345 Practice for Investigating Electrical Incidents
EPA OSWER Directive 9610.17 Concerning Use of Risk-Based Decision Making, 1995
Index Terms: cost estimation; environmental; costs; liabilities; expected value; minimum value; most likely value; quoted price; range of values; uncertainty; ICS Number Code 13.020.99
ASTM International www.astm.org
Book of Standards Volume: 11.05
http://www.astm.org/cgi-bin/SoftCart.exe/DATABASE.CART/REDLINE_PAGES/E2137.htm?E+mystore
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