Unit Price (Unit Cost)

Unit price (also called unit cost) is the cost of a single unit of a work item — per square foot, per linear foot, per each — multiplied against takeoff quantities to build up an estimate.

Unit prices may include material only, or material plus labor and equipment, depending on how the estimate is structured.

Accurate unit prices depend on current buyout data, crew productivity, and whether the item is priced alone or inside an assembly.