Definitions for cost-plus contract

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

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  1. cost-plus contract(noun)

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

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  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.


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