cost plus contract
Definition
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.
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cost plus contract is in the Accounting & Auditing, Agreements & Contracts and Purchasing & Procurement subjects.
cost plus contract appears in the definitions of the following terms: cost plus fixed fee (CPFF) contract, cost plus incentive fee (CPIF) contract and cost plus award fee (CPAF) contract
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