Common use of Unit Cost Clause in Contracts

Unit Cost. Subject to the terms of a Work Authorization issued pursuant to Article 5 below (including any maximum amount to be paid as stated therein), the Authority will agree to pay the Engineer, and the Engineer will agree to accept as full and sufficient compensation and reimbursement for the performance of all Services as set forth in this Contract and the Work Authorization, an agreed upon unit price times the number of units completed for each billing. This method of payment is generally reserved for work which has a definable work product but the quantity is uncertain and the Engineer assumes the risks for all costs. Each invoice submitted shall identify the specific Contract task(s) listed in Exhibit B and the completed work product/deliverable for the agreed upon price listed in Exhibit D Fee Schedule.

Unit Cost. Subject to the terms of a Work Authorization issued pursuant to Article 5 below (including any maximum amount to be paid as stated therein), the Authority will agree to pay the EngineerConsultant, and the Engineer Consultant will agree to accept as full and sufficient compensation and reimbursement for the performance of all Services as set forth in this Contract and the Work Authorization, an agreed upon unit price times multiplied by the number of units completed for each billing. This method of payment is generally reserved for work which has a definable work product but the quantity is uncertain and the Engineer Consultant assumes the risks for all costs. Each invoice submitted shall identify the specific Contract task(s) listed in Exhibit B and the completed work product/deliverable for the agreed upon price listed outlined in Exhibit D Fee Schedulethe Work Authorization.