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cost-plus contract
(redirected from Cost Plus Contract)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
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Noun1.cost-plus contract - a contract in which the contractor is paid his total cost plus a stated percentage of profit
contract - a binding agreement between two or more persons that is enforceable by law


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Although the Defense Contract Management Agency and the Defense Contract Audit Agency are most commonly used to monitor higher risk contracts, such as cost plus contracts, they are potential resources available to assist program offices in monitoring fixed-price performance-based contracts.
The agreement between Big Sugar and Legacy was a cost plus contract with a maximum price tag of $2.
Do not even sign the cost plus contract or the unit price contract.
 
 
 
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