ASTM E2279-03
Historical Standard: ASTM E2279-03 Standard Practice for Establishing the Guiding Principles of Property Management
SUPERSEDED (see Active link, below)
ASTM E2279
1. Scope
1.1 This practice covers the creation of a set of guiding principles to be applied to the practice of property management. Such principles will enunciate the objectives and intent of the property community, stress simplified procedures, promote less rather than more, judgment rather than 'by-the-book' decisions, and encourage the adoption of 'best practices.'
1.2 The acceptance of guiding principles has the potential to foster a problem-solving mentality within the property management community, encourage the use of innovative and cost-effective practices, create greater commonality between government and industry practices, and increase the ability of organizations to respond to changing needs and business conditions.
1.3 The potential economic and practical benefits of operating in a manner consistent with a set of guidelines outweigh concerns about the loss of predictability, uniformity, and consistency.
2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.
Federal Standards
Securities and Excha No. 99, Materiality (1999)ASTM Standards
E2131 Practice for Addressing and Reporting Loss, Damage, or Destruction of Tangible Property
E2132 Practice for Inventory Verification: Electronic and Physical Inventory of Assets
E2135 Terminology for Property and Asset Management
Keywords
acquisition cost; agency; best value; care and handling; company; impairment; institution; inventory; materiality; personal property; property; property management; reasonable detail; risk management; Acquisition costs; Building economics; Care and handling; Guiding principles; Impairment; Institutional buildings; Inventory analysis/control; Materiality; Reasonable detail; Risk analysis ;
ICS Code
ICS Number Code 03.100.01 (Company organization and management in general)
DOI: 10.1520/E2279-03
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