Common use of Unit Price Method Clause in Contracts

Unit Price Method. Where payment is based on the unit price method, the CONTRACTOR agrees that he will make no claim for damages, anticipated profits or otherwise on account of any differences which may be found between the quantities of work actually done, the material actually furnished under this contract and the estimated quantities contemplated and contained in the bid; provided, however, that in case the actual quantity of any major item should become as much as twenty percent (20%) above or below the estimated or contemplated quantity for such items, then either party to this Agreement, upon demand, shall be entitled to a revised consideration for said work that differs from the estimated quantity.