· Cost Accounting Standard - Cost of Money as an Element of the Cost of Capital Assets Under Construction General Guidance Illustrations Cost Accounting Standard - Allocation of Direct and Indirect Costs General Guidance • Chapter 2 provides an overview of the concept of system life-cycle cost, and introduces basic standard terms and definitions for each life-cycle cost category. It is expected that all OS cost estimates provided to OSD will use the standard cost terms and definitions. • Chapter 3 discusses the many uses of OS cost estimates and analyses in. The International Construction Measurement Standards (ICMS) is an international standard which aims to provide greater global consistency in construction costing. It is not a detailed method of measuring construction works, but ‘a high level benchmarking and reporting framework for international cost classification, reporting and comparison.
AACE International (American Association of Cost Engineers) ASPE (American Society of Professional Estimators) ASTM E - 09(): Standard Classification for Building Elements and Related Sitework - UNIFORMAT II; ASTM E - 05(): Standard Classification for Building Construction Field Requirements, and Office Overhead Profit. The International Standard Industrial Classification of All Economic Activities (ISIC) is the international reference classification of productive activities. Its main purpose is to provide a set of activity categories that can be utilized for the collection and report-ing of statistics according to such activities. This glossary defines certain terms used in the International Valuation Standards. This glossary is only applicable to the International Valuation Standards and does not attempt to define basic valuation, accounting or finance terms, as valuers are assumed to have an understanding of such terms (see definition of “valuer”).
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