Start learning →

A unit cost contract is priced on what basis?

AOne single price for the whole job
BA percentage over lowest tender
CActual cost plus a fixed fee
DUnits put in place at a rate each
Answer & Solution
Correct answer: D. Units put in place at a rate each
Payment is calculated by multiplying a specific rate for each item by the quantity actually put in place.
Practise this question with Quill — CA Inter →

Keep practising Construction Contracts (AS 7)

Browse all Construction Contracts (AS 7) questions for CA Inter, or explore more Accounting topics.

Start a Construction Contracts (AS 7) lesson →
Related questions