Definitions for "Unit-in-place method"
A method of estimating construction costs by figuring the cost of each component installed. Also called the segregated cost method.
A method for finding the reproduction cost of a building in which the construction cost per square foot of each component part of the subject building (including material, labor, overhead and builder's profit) is multiplied by the number of square feet of the component part in the subject building. useful life. (See economic life.)
The cost of erecting a building by estimating the cost of each component part, i.e., foundations, floors, walls, windows, ceilings, roofs, etc., (including labor and overhead).