Components of a Unit Rate
In a previous article, we discussed what a unit rate is, the various types of unit rates, use of a unit rate and approaches to estimating a unit rate. You can read the article here: What is a Unit Rate? When dealing with construction contracts,…
Construction Law, Cost Management, Tutorials
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What is a Unit Rate in Construction Estimating?
A unit rate can be described as the monetary value allocated to a unit of measurement for a given item in a bill of quantities, according to the Royal Institute of Chartered Surveyors (RICS). This can be the cost per square meter of floor area,…
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