Construction · Defined
Unit-price contract
A contract pricing work by an agreed rate per measured unit rather than solely by one fixed total.
Why it matters
The final cost depends on quantities and the rules for measuring them. Compare billed units with supported quantities and identify any limits or adjustments in the contract.
In practice
A project example
Rock excavation is billed by measured volume, so both the agreed rate and documented quantity affect payment.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.