Construction Estimation

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January 1, 1 6 min read Definitions

Unit-in-Place Method Appraisal Techniques Reproduction Cost Construction Estimation Cost Approach

A method used by appraisers to estimate the reproduction cost (new) of a structure by evaluating the cost of its individual components. The unit-in-place method involves estimating the cost to produce and install components like the foundation, exterior walls, and plumbing.