Engineering Board Exam Reviewer · ECE · hard
A unit-price contract specifies ₱850 per meter of installed cable. The estimate was 2,000 m, but the measured installed length is 2,350 m. What is the amount due for this item?
- ₱1,997,500.00
- ₱1,700,000.00
- ₱297,500.00
- ₱3,697,500.00
Answer
A. ₱1,997,500.00
Solution
Unit-price contracts pay for actual measured quantities: 850 × 2,350 = ₱1,997,500.00.
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