A unit-price schedule states that the unit price is complete compensation for labor, material, equipment, overhead, and profit. What should the bidder include in each unit price?
Correct Answer
B) All cost components named by the unit-price requirement
If the unit-price requirement says complete compensation includes labor, material, equipment, overhead, and profit, the bidder should include those components. Other choices omit parts of the stated compensation.
Why This Is the Correct Answer
If the unit-price requirement says complete compensation includes labor, material, equipment, overhead, and profit, the bidder should include those components. Other choices omit parts of the stated compensation.
Why the Other Options Are Wrong
Option A: Limit unit price complete compensation to raw material invoices only
In procurement and contracting, Only raw material invoices is the wrong selection for Unit price complete compensation: the action skips the timing, documentation, or field-control step needed for Unit price complete compensation.
Option C: Limit unit price complete compensation to equipment fuel
Choice C gives Only equipment fuel. Its specific error: it leaves the work at an informal or incomplete stage, while Unit price complete compensation requires All cost components named by the unit-price requirement.
Option D: Base the unit price complete compensation response on the subcontractor's markup
Choice D (Only the subcontractor's markup) is rejected because the option delays or omits the controlling step.
Memory Technique
Treat unit price complete compensation like a labeled shelf; only the matching condition belongs with All cost components named by the unit-price requirement.
Reference Hint
Open Construction Project Management, 5th Ed. (2022); use the index entry or section for "Unit-price bid requirements" to confirm that If the unit-price requirement says complete compensation includes labor, material, equipment, overhead, and profit, the bidder should include those components.
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