cost-plus contract


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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 $407 million cost-plus contract is to provide full-spectrum security services to protect mission-critical programs.
Work on this cost-plus contract is expected to be completed within 18 months followed by additional orders for flight systems.
Under the terms of the initial five-year cost-plus contract, the successful design firm was to assign up to 30 staff to PDO, working with existing staff and employees assigned from Shell (see the background in omt6OmanFieldsFeb4-08).
9 million firm-fixed-price, cost-plus contract includes options that, if exercised, would bring the cumulative value of the contract to $294.
However, rather than settling for a cost-plus contract variant during EMD, government acquisition officials could benefit from considering a risk-driven contract.
However, contracts where the scope of work is intentionally left vague, or is better suited for a T&M or cost-plus contract, are now being awarded as fixed price contracts.
They were given a cost-plus contract with no apparent ceiling
Workers' compensation insurance satisfied part of the requirements of the cost-plus contract.
said yesterday it has won a $500-million cost-plus contract with the Libyan Ministry of Transportation for construction of a new international airport at Benghazi, energy-rich Libya's second-biggest city.
A federal government IT contractor working for the Department of Defense is awarded a cost-plus contract to install marine buoys after the release of environmental contaminants.