A unit price construction contract is a formal document which is drafted when an owner of a site for construction wishes to get something constructed by assigning a contractor or a construction company by paying them a certain amount of money. Such contracts are based upon unit price of different materials used and final amount is estimated by calculating the number of units used.
Sample Unit Price Construction Contract
This contract has been made effective on the date: 7th Feb 2011
This contract has been made by and between Mr. Ben Weiss who is the OWNER of the property and Mr. Henry Lawrence who is the CONSTRUCTION COMPANY
The details of the parties are given as follows:
Address: M-23, west gate road, London
Contact number: 477038500505
Address: 2-g, second floor, Potter’s street, London
Contact number: 479797928404
Construction site details:
Address: 29-D, Marks and Spencer’s street, London
Unit price details:
Plaster of Paris: $10/kg
The CONSTRUCTION COMPANY is responsible for the arranging the materials required for construction with consent of the OWNER.
Total cost shall be estimated at the end of contract term
Termination date: 7th Feb 2012
Terms and conditions:
- The CONSTRUCTION COMPANY keep records of all the materials used with bills attached.
- Any injuries caused to the workers during construction shall not be the responsibility of the OWNER.
- The CONSTRUCTION COMPANY must utilise all the materials in an efficient manner.
- The OWNER must pay a certain amount of money for the materials and machinery and pay pending amount after termination of contract.