ASTM E2137-01
Historical Standard: ASTM E2137-01 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
SUPERSEDED (see Active link, below)
ASTM E2137
1. Scope
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.
2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.
ASTM Standards
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
Other Document
EPAOSWERDirective961 Concerning Use of Risk-Based Decision Making, 1995 Available from U.S. Environmental Protection Agency, 1200 Pennsylvania Avenue, NW Washington, DC 20460.Keywords
cost estimation; environmental; costs; liabilities; expected value; minimum value; most likely value; quoted price; range of values; uncertainty; Environmental site assessment (ESA); Monetary costs; Environmental control/fate; Economic evaluation methods;
ICS Code
ICS Number Code 13.020.99 (Other standards related to environmental protection)
DOI: 10.1520/E2137-01
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