The method of cost estimating that falls between the other two cost estimating methods in complexity is the unit-in-place method.
<h3>What is Cost Estimation?</h3>
In the field of project management, cost estimation is the process of estimating all of the costs associated with completing a project within scope and according to its timeline.
Initial, high-level estimates are often used in the earliest stages of project planning and can determine whether or not a project is ultimately pursued. Once a project is approved and an organization chooses to move forward with it, more detailed and granular cost estimates become necessary in order to appropriately allocate various resources.
A thorough cost estimate should include both the direct and indirect costs associated with bringing a project through to completion. Depending on the specifics of the venture, this will likely include various overhead costs (utilities, labor, etc.), labor costs (including both time and wages paid), materials and equipment costs, vendor fees (if the project requires third-party workers, freelancers, or other contractors), and more.
<h3>What is U
nit-In-Place Method?</h3>
A technique used by appraisers to estimate the reproduction cost (new) of a structure. The method involves estimating the cost of producing and installing individual components, such as the foundation, exterior walls, and plumbing. Similar methods include the trade-breakdown method and segregated costs method.
Therefore, we can conclude that the correct option is C.
Your question is incomplete, but most probably your full question was:
The method of cost estimating that falls between the other two cost estimating methods in complexity is the __________ method.
A. Comparative unit
B. Quantity survey
C. Unit-in-place
D. Reproduction cost
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