General Questions & Answers

What does a "Unit Rate" contract mean?

Not all construction work can be perfectly priced at the outset. Often the scope of work is difficult to determine until the project starts. This is when a Unit Rate contract may be appropriate. Under a unit rate contract, individual parts of an entire project are broken down into quantifiable 'units' and priced, rather than establishing a fixed project price.

foreword to unit rate or unit price


Detailed Information

foreword to unit rate or unit price
Unit Rate
The article describes a Unit Rate contract in more detail...

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