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Which type of estimate is prepared by calculating building area and then multiplying area by predefined unit cost?

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Which type of estimate is prepared by calculating building area and then multiplying area by predefined unit cost?

(a) Unit Based Estimate

(b) Model estimate

(c) Project Comparison Estimate

(d) Parametric estimate

The question was posed to me during an online interview.

The above asked question is from Line Planned and Storeyed Buildings topic in chapter Methods of Building Estimate & Estimate of Building of Civil Engineering Drawing

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Correct answer is (a) Unit Based Estimate

The best I can explain: This type of estimate is prepared by calculating building area and then multiplying area by predefined unit cost. And then adjusted the cost by considering building height, length, width and other necessary building components. Required documents for preparing this type of estimate is a simple floor plan with measurement and key elevation of the building. This type of estimation is used to check whether the project was designed within owner’s budget.

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