What type of bid provides the cost of a project as cost per cubic foot?

The type of bid that provides the cost of a project as cost per cubic foot is the unit price bid. In this bidding method, contractors submit prices based on units of measurement for specific items of work or materials. This allows for flexibility in pricing, as costs can be adjusted according to the final quantity of materials used or work performed. By breaking down the project cost into manageable units, such as cubic feet, this approach helps clients better understand the financial implications based on the scope of work.

Unit price contracts are beneficial when the total scope of the project may not be entirely known at the outset, allowing for changes in quantity without needing a complete re-assessment of the entire project cost. This method contrasts with fixed price bids, where a total price is agreed upon upfront, potentially leading to disputes if actual quantities vary. It also differs from design-build contracts, which involve a single entity managing both design and construction, and cost-plus contracts, where the contractor is reimbursed for costs plus an additional fee.