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cost contract |
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1. A contract that provides for payment to the contractor of allowable costs, to the extent prescribed in the contract, incurred in performance of the contract. 2. A cost-reimbursement type contract under which the contractor receives no fee. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A time and cost contract could have saved the company significant time and money. To facilitate the initiative, the NYPA Board of Trustees has taken action to approve a new low cost contract that provides Battery Park City with a nearly 25 percent reduction in the cost of its electricity. The year-over-year growth in operating earnings reflects a significant increase in the number of locations offset by higher labor and related costs, the greater use of higher cost contract labor, and pressure on contract pricing. |
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