What does cost-plus contract mean?

Definitions for cost-plus contract

Here are all the 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


  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.


  1. Chaldean Numerology

    The numerical value of cost-plus contract in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of cost-plus contract in Pythagorean Numerology is: 3

Images & Illustrations of cost-plus contract

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"cost-plus contract." Definitions.net. STANDS4 LLC, 2018. Web. 24 Feb. 2018. <https://www.definitions.net/definition/cost-plus contract>.

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