What is Unit Price Billing?

Unit Price Billing is a method of invoicing used in the construction industry that breaks down the total cost of a project into individual units or components. Each unit, such as a cubic yard of concrete or a linear foot of pipe, is assigned a specific price based on the contractor's estimate of the labor, materials, and overhead required to complete that portion of the project. This allows for more accurate tracking of costs and easier comparison of bids from different contractors.Unit Price Billing is often used for projects where the scope of work is not fully defined or where unexpected changes may occur during construction. By breaking down the project into smaller units, the client can see exactly what they are paying for and can make adjustments as needed. It also provides a level of transparency