What does the Unit Price Book establish?

What does the Unit Price Book establish?

• A. A unit price to be paid for a multitude of construction line items
• B. A project schedule and milestones
• C. A set of performance metrics
• D. A risk assessment framework

Answer: (A)

The concept being tested is that a Unit Price Book provides the price per unit for a wide range of construction line items. This catalog of unit costs lets you price the work by multiplying the unit price by the actual quantity for each item, making it easy to price variations, changes, or additions without re-bidding every item. It establishes the amount paid for those items on the job, which is why it’s the best answer. Project schedules, milestones, performance metrics, and risk assessment frameworks are defined in other documents or systems, not in the Unit Price Book.

The concept being tested is that a Unit Price Book provides the price per unit for a wide range of construction line items. This catalog of unit costs lets you price the work by multiplying the unit price by the actual quantity for each item, making it easy to price variations, changes, or additions without re-bidding every item. It establishes the amount paid for those items on the job, which is why it’s the best answer. Project schedules, milestones, performance metrics, and risk assessment frameworks are defined in other documents or systems, not in the Unit Price Book.