RI General Contractor Practice Questions - Rhode Island General Contractor Exam

A Rhode Island contractor bids on a project using unit pricing. How is the total contract price determined?

By multiplying the unit price by the estimated number of units, with the final price adjusted based on actual quantities By adding all labor costs together By applying a flat percentage markup to material costs By the lowest subcontractor bid

Correct Answer:

By multiplying the unit price by the estimated number of units, with the final price adjusted based on actual quantities

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