Which estimating method combines labor, materials, equipment, and subcontractors into a single unit price?

The unit price estimating method is a common approach used in construction and contracting that involves estimating the cost of work by breaking tasks down into units, where each unit has an associated price. This method allows for the incorporation of labor, materials, equipment, and subcontractor costs into a single price per unit of work.

By calculating the cost per unit, contractors can provide a clearer and more concise estimate for clients, ensuring that all essential components are accounted for in a standardized way. This method is particularly useful for projects where the quantity of work can vary but the unit prices remain consistent, making it easier to adapt estimates based on changing project scopes while maintaining clarity in pricing.

Overall, the ability to package all components into a single unit price not only streamlines the estimating process but also enhances transparency and understandability for both the contractor and the client.