Job Order Contracting – Education & Training Note #201 – What is a unit price?
Question?What is a unit price?
Answer: A unit price is a detailed description and associated material, labor, and equipment line item within a Job Order Contract Unit Price Book, UPB. It represents a single unit of an item of work, a task, describing typical/common work in terms that are universally understood and applicable to a variety of individual renovation, repair, maintenance, and/or sustainability construction projects.
When used in Job Order Contracts, a unit price historically does not include contractor profit and overhead as this is account within the JOC co-efficient.