UNIT COST IN PLACE VS UNIT COST

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UNIT COST IN PLACE VS UNIT COST

Postby tammy2329 » Mon Jan 15, 2018 10:56 am

Is there a difference in these cost estimating terms?

Per google: The Unit-in-place Method is a cost-estimating method in which the total building cost is estimated by adding the unit costs for the various building components. This sounds like the elemental (ASSEMBLIES AND SUBSYSTEMS) method that happens in Schematic design.

However, I know programming involves UNIT COST system.

Can someone clarify, I am so confusedd!
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Re: UNIT COST IN PLACE VS UNIT COST

Postby kerzzo » Tue Jan 16, 2018 7:39 am

it's quite confusing.

i ran into the same problem and likely selected the wrong answers---I think the exams use diferent terminology than what the study materials show---also, I believe each region/state uses their own terminology.

I'll post something---I am in the middle of researching the same.
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Re: UNIT COST IN PLACE VS UNIT COST

Postby Anob » Tue Jan 16, 2018 9:00 am

I think its a terminology issue. Its definition matches the subsystem method mentioned in Ballast pg 3-11, as well as the diagrams.
Check out the diagram on this website https://www.allbusiness.com/barrons_dic ... 395-1.html
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Re: UNIT COST IN PLACE VS UNIT COST

Postby tammy2329 » Thu Jan 18, 2018 5:56 pm

Anob- sounds like the elemental (assemblies and subsystems) method... which is Schematic Design, right?

Thanks both for your input.
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Re: UNIT COST IN PLACE VS UNIT COST

Postby Anob » Fri Jan 19, 2018 8:32 am

The methods are similar but keep in mind "Unit Cost In Place" is done in the pre-design phase to determine land value. So there are added components to add such as replacement or add improvements cost. Check out "cost approach" method in either kaplan or ballast. Hope this helps.
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Re: UNIT COST IN PLACE VS UNIT COST

Postby tammy2329 » Fri Jan 19, 2018 7:45 pm

Anob, where does it say unit cost in place is pre-design? Thank you!
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Re: UNIT COST IN PLACE VS UNIT COST

Postby Anob » Fri Jan 26, 2018 10:36 am

Tammy,

Sorry for taking so long to respond. Unit Cost in Place is a land or existing structure appraisal method which is typically done before the programming and design phase.
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Re: UNIT COST IN PLACE VS UNIT COST

Postby tammy2329 » Sat Jan 27, 2018 10:36 am

No problem, thanks Anob~!
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