Unit Pricing and Unbalanced Bidsby Norman A. Nadel, (F.ASCE), Chairman; Nadel Associates, Inc., Brewster, NY,
Serial Information: Civil Engineering—ASCE, 1991, Vol. 61, Issue 6, Pg. 62-63
Document Type: Feature article
Errata: (See full record)
Abstract: Unit price contracts were meant to provide a simple and equitable way to pay contractors. However, to offset the uncertainties inherent in construction, contractors unbalance bid items. Engineers and owners unfairly view the practice with a jaundiced eye. If the contractor's viewpoint were better understood, we could work toward a new approach to contract documents, reduce the incentive to unbalance bids and benefit all, including the public.
Subject Headings: Bids | Construction | Contractors | Contracts | Pricing | Risk management |
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