cost-plus


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Related to cost-plus: cost-plus contract, Cost-plus pricing
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  • adj

Words related to cost-plus

determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit

References in periodicals archive ?
The focus on awarding more fixed-price contracts resulted in cost-plus contracts going from the most common contract type to less than 5 percent of Air Force procurement dollars by 1966, according to G.
In general, fixed-price contracts are more appropriate for production contracts where costs are either known or easily predicted, and cost-plus contracts are more appropriate in situations--such as development--where costs are uncertain.
In respect of integral services, TEI supports the general cost-plus approach to valuing services based on the anticipated benefits where the provider is not in the trade or business of providing such services.
4] Under the current priority of methods, the agents would not take into account the fact that the parent company has an apparently reasonable cost-plus methodology, since this method has a lower priority that the resale price method.
Both contracts generally provide compensation to ABX on a cost-plus basis, with a base mark-up of 1.