Provide characteristics of the unit-price and unit cost estimating methods, and the resource enumeration (3) methods.

Answer and Explanation:

Unit cost estimating method is a method of cost estimation in which construction projects are divided into components before estimation is done. The cost of each of the project's components are assessed and their cost estimation is calculated.

Unit cost = Cost of resources/production rate

Unit price estimating method is a method of cost estimation in which the price of each item is multiplied by their corresponding quantities, the summation gives the total cost of the items.

Resource enumeration method allows the cost estimator to specify the resources to use at a particular price, quantity and production level for the specific project that is being estimated.

Answer is explained below

Explanation:

Unit price:

The "Unit Price" (or "unit cost") reveals to you the cost per liter, per kilogram, per pound, and so on, of what you need to purchase.

Simply separate the cost by the amount.

Unit cost:

The unit cost is the price brought about by an organization to deliver, store and sell one unit of a specific item. Unit costs incorporate every single fixed cost and every factor cost engaged with production. Cost unit is a type of estimation of volume of creation or administration.

Resource enumeration method:

Resource enumeration method permits the estimator to adapt the resource set or team to be utilized to the work in the inquiry. With this method, estimator determines a specific team or resource bunch at a specific charge rate and a specific creation level for the particular work component being assessed. This yields an increasingly exact expense for each unit definition.