Construction Glossary
Unit Pricing
A contract that outlines the cost per unit, such as the cost per square foot or another measurement unit.
What Is Unit Pricing?
Unit Pricing is a pricing method in construction where costs are established per unit of measurement, such as per square foot of flooring or per linear foot of piping. This approach simplifies the bidding and pricing process, allowing contractors to provide clear and concise estimates based on the quantity of work required. Unit pricing is commonly used in various trades, helping project owners understand costs more effectively.
Example
A landscaping project that charges $15 per square foot for sod installation.
Related Articles
Finance
Subcontractor Cash Flow: What Turner Trade Partners Learned About the Construction Payment Cycle
Construction
GC Early Pay: An Overlooked Margin Opportunity in Construction
News