____ contracts are based on a pricing schedule that consists of a breakdown of the work and estimated quantities for each of the items on the breakdown.
A)Cost-based
B)Schedule-based
C)Item-price
D)Unit-price

Question

Quizplus · Accepted Answer

Unit-price contracts are based on a pricing schedule that breaks down the work into specific items or tasks, and provides an estimated price per unit for each item. This type of contract is commonly used in construction projects, where there are multiple items or tasks that need to be completed, and a fixed budget needs to be maintained. The unit price allows for more accurate budgeting and cost control, as the cost of each item is pre-determined before work begins.

____ Contracts Are Based on a Pricing Schedule That Consists