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cost-plus contract
(redirected from Cost Plus Contract)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
cost-plus contract [¦kȯst ′pləs ‚kän‚trakt]
(engineering)
A contract under which a contractor furnishes all material, construction equipment, and labor at actual cost, plus an agreed-upon fee for his services.


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Although the Defense Contract Management Agency and the Defense Contract Audit Agency are most commonly used to monitor higher risk contracts, such as cost plus contracts, they are potential resources available to assist program offices in monitoring fixed-price performance-based contracts.
The agreement between Big Sugar and Legacy was a cost plus contract with a maximum price tag of $2.
Do not even sign the cost plus contract or the unit price contract.
 
 
 
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