
Build America Podcast
S11, Ep313- What’s the Difference Between Unit Price and Lump Sum Bids?
Here is the optimized Spotify podcast description based on your show notes. What is the difference between unit price and lump sum bids, and how do they impact your bottom line? In this episode of the Build America Podcast, host Scott Jennings breaks down the operational mechanics of the two primary ways construction bids are priced. Drawing from his extensive background as a laborer, civil construction company owner, and contractor, Scott explores the strategic pros and cons for both owners and contractors. He also shares unfiltered personal stories illustrating the massive financial risks and rewards of these bidding structures. What We Cover in This Episode: Unit Price vs. Lump Sum Bids: Learn the operational differences between breaking a project down into itemized units versus submitting a single, all inclusive price for the entire scope of work. The Strategy of Balanced and Unbalanced Bids: Discover how savvy contractors audit job quantities before bidding to artificially adjust unit prices and maximize profits when actual quantities change. Historical Pricing and Change Orders: How government agencies like State DOTs use unit pricing to budget multi million dollar projects in minutes, and how it provides a clear framework for change order negotiations. The High Stakes Realities of Contracting: The double edged sword of manipulating unit prices, and how contractual technicalities can lead to unfair payment scenarios. Resources Mentioned: Build America Book Series: Available on Amazon. Ted the Termite: A children's book series by Scott Jennings following Ted as he builds roads, lays pipes, and constructs bridges. Available on Amazon and major book retailers. Website: https://sjcivil.com/ LinkedIn: www.linkedin.com/in/scott-jennings-p-e-1435103 Email: sj@sjcivil.com Blog: https://sjcivil.com/blog/ Podcast Link: https://anchor.fm/sjccsitesurvey Enjoyed the show? Please rate and review the podcast on Spotify to help more professionals in construction and engineering discover these insights! For more updates and resources, visit sjcivil.com. #BuildAmerica #ConstructionBidding #UnitPriceVsLumpSum #ContractingLife #ConstructionEstimating #ProjectBudgeting #CivilConstruction





