cost plus contract



Contract under which a contractor is reimbursed for the costs incurred, and is paid an agreed upon percentage of such costs as contractor's profit.

Use cost plus contract in a sentence

  • I realized that it was a cost plus contract and that meant that the contractor would be reimbursed for everything.

    3 people found this helpful
  • You should try and use a cost plus contract strategy to insure that everything will go well in the deal.

    4 people found this helpful
  • Contractors generally look for a cost plus contract when signing jobs, because in that case they will be paid for the job and the supplies come at no cost to them either.

    3 people found this helpful
Show more usage examples...

Related Videos

Have a question about cost plus contract? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z