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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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The no-bid, cost-plus contracts that politicians established at the beginning have created a national debt of trillions of dollars, and the money flow appears to be continuing indefinitely; one contractor moved its company headquarters over where the action is.
Workers' compensation insurance satisfied part of the requirements of the cost-plus contract.
Cost-plus contracts (both fixed and variable fee terms): Right to bill allowable costs every two weeks as work progresses.
 
 
 
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