Definitions for cost-plus contract

This page provides all possible meanings and translations of the word cost-plus contract

Princeton's WordNet

  1. cost-plus contract(noun)

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

Freebase

  1. Cost-plus contract

    A cost-plus contract, also termed a cost reimbursement contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit. Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred expenses. Cost-plus contracts first came into use in the United States during the World Wars to encourage wartime production by large American companies.

Translation

Find a translation for the cost-plus contract definition in other languages:

Select another language:

Discuss these cost-plus contract definitions with the community:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"cost-plus contract." Definitions.net. STANDS4 LLC, 2014. Web. 21 Aug. 2014. <http://www.definitions.net/definition/cost-plus contract>.

Are we missing a good definition for cost-plus contract?


The Web's Largest Resource for

Definitions & Translations


A Member Of The STANDS4 Network


Nearby & related entries:

Alternative searches for cost-plus contract: