ADJUSTMENTS TO UNIT PRICED CONTRACTS

Contractors serving the transportation industry are well familiar with unit priced contracts. Most contractors performing unit priced work will encounter an owner who takes unfair advantage of a unit price clause. This article focuses on the contractor's remedy when that occurs and the owner's right to rely on unit prices. Unit priced contracts provide an owner insurance policy against claims for changes based on normal quantity variations, typical of certain types of work such as excavation and grading. However, where the basic scope of work required under the unit price changes in quality, contractors are entitled to and should seek adjustment of the price.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/19451392
• Corporate Authors:

  American Road & Transportation Builders Association

  ARTBA Building, 1219 28th Street, NW
  Washington, DC  United States  20007-3389
• Authors:
  • Howerton Jr, V C
• Publication Date: 2000-4

Language

• English

Media Info

• Features: Photos;
• Pagination: p. 28
• Serial:
  • Transportation Builder
  • Volume: 12
  • Issue Number: 4
  • Publisher: American Road & Transportation Builders Association
  • ISSN: 1043-4054

Subject/Index Terms

• TRT Terms: Bids; Contractors; Contracts; Loss and damage claims; Ownership; Prices; Pricing; Transportation
• Uncontrolled Terms: Unit pricing
• Subject Areas: Administration and Management; Law; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 00792451
• Record Type: Publication
• Files: TRIS
• Created Date: May 30 2000 12:00AM