cost reimbursement contract
Definition
Contract under which allowable and reasonable costs incurred by a contractor in the performance of a contract are reimbursed in accordance with the terms of the contract.
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cost reimbursement contract is in the Agreements & Contracts and Purchasing & Procurement subjects.
cost reimbursement contract appears in the definitions of the following terms: incentive-type contract, contract categories, cost sharing contract and cost contract
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