Several points come to mind, if I may.
Firstly, what is the purpose of the fill? To support a roadway? To support a structure?
Secondly, what material will you use to construct the fill? A compacted clayey material? A well graded sand and gravel? Crushed stone aggregate?
Thirdly, how will you place and compact the fill? In thin loose lifts compacted with a heavy (say 10 to 15 ton vibratory roller)? Or, will you just end dump the material?
Fourthly, is this related to "payment" to a contractor? - i.e., he would have to "make up" the settlement with fill as he progresses in construction.
The first three points will determine how much settlement you get of the fill. If you use an engineered fill and compact it well and in thin lifts, your settlement should be small (say using well graded sand compacted to 95%MDD D1557). Crushed stone would be much less.
For instance, we compacted a flyash (85%) and 15% fine sand to 97% ASTM D1557 MDD and had N values of 40 of the placed fill. Would you worry much then about settlement - even if for a moderately loaded foundation? Doubtful. Highway abutments in Ontario and other places are many times of the floating variety placed as footings high in the fill but of a crushed stone base course gradation well compacted - in such cases allowable bearing pressures of 300 to 350 kPa or more can be used. Also, don't forget, with granular fills, settlements of the lower layers will be ongoing due to the loading imposed by upper layers.
If, on the other hand, you are compacting a wet clayey fill, you can get fairly large settlements. If I remember right, there is something in a study on the compaction characteristics of Bearpaw Shale and it is something like 2%*H for embankment settlement. (It was a Bureau of Reclamation report from the late 1970s.)
Normally, embankment fills of only 3 m height are not judged critical with respect to settlements if properly constructed. And, if you are using granular fills with proper compaction, you are approaching 40 blow material itself.
The fourth point is covered by paying according to the final in-place volume. For a hard base as you have, this would be nearly insiginficant. If you had a soft compressible base, i.e., the foundation was settling, you could get several inches of settlement within a year or so of the base and this might be significant - especially if the contractor (or client) has to make up the difference by an asphalt leveling course.
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