cost-plus contract

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  • noun

Words related to cost-plus contract

a contract in which the contractor is paid his total cost plus a stated percentage of profit

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References in periodicals archive ?
Cost plus contracts are utilized where the cost of the works and the date for conclusion is not certain at beginning, and can only be confirmed as work progresses.
Do not even sign the cost plus contract or the unit price contract.
All of these programs are executed under cost plus contract vehicles.
Pratt & Whitney has not offered a fixed-price contract for its competing F135 engine, but is funded through a Cost Plus contract.
Other enhancements include mobile phone interface, built-in report customization tools, two new Cost Plus contract types, Retainage management and automatic email notifications when employees submit time and expense.