What does unit price mean in construction?
Short definition
A unit price is a cost per measured unit of work, such as dollars per square foot, cubic yard, or linear foot.
Longer explanation
Unit prices are often used when final quantities are uncertain or when changes can be priced by agreed measurement rules.
Example in context
“The project team reviewed the unit price during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers
Related terms
Related resources
Construction Change Management TermsTerms used to identify, price, direct, approve, and record construction changes.Construction Estimating TermsEstimating, takeoff, pricing, contingency, allowance, unit price, budget, and job cost terms.Estimate vs Quantity TakeoffCompare cost estimating with quantity takeoff work.