Unit Price Contract Management
AI tracking and verification of unit price contract quantities and payments.
Definition
Unit Price Contract Management AI automates the tracking of installed quantities for unit price contracts. It verifies quantity measurements, tracks unit prices against bid items, and calculates progress payments while flagging quantity overruns or underruns compared to estimated quantities.
In Depth
Unit price contracts pay based on actual quantities installed at pre-agreed unit prices. AI assists with the quantity verification that these contracts require — tracking installed quantities through field measurements, comparing them against the bid quantities, and calculating the payment based on the verified quantities.
Examples
Tracking installed quantities
Verifying unit price billing
Managing quantity overruns
Nomic Use Cases
See how Nomic applies this in production AEC workflows:
Frequently Asked Questions
Unit Price Contract Management AI automates the tracking of installed quantities for unit price contracts. It verifies quantity measurements, tracks unit prices against bid items, and calculates progress payments while flagging quantity overruns or underruns compared to estimated quantities.
Tracking installed quantities. Verifying unit price billing. Managing quantity overruns.
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