cost-plus contract


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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.
References in periodicals archive ?
Arguably, the typical cost-plus contract shifts the benefits and burdens of ownership to the purchasing taxpayer who has the opportunity for gain and the risk of loss.
Although in TAM 200803017 the National Office specifically addressed income earned for the provision of research, information technology, engineering, consulting, and similar services under a cost-plus contract, its analysis may be applicable to a service provider that enters into contracts with customers under which billing and payment are deferred and the required services are not divisible into separate components, even where fees are not determined on a cost-plus basis.
In cost-plus contracts, qualified costs frequently constitute the basis for billing.
The new cost-plus contract impacted the three and six months ended June 30, 2006, by reducing drilling revenues and drilling costs, along with total revenues and total costs and expenses, by $9.
53) the SBE ruled that the costs of client-furnished materials under a cost-plus contract should be included in the California sales factor of a multistate contractor.
The new cost-plus contract impacted first quarter 2006 by reducing drilling revenues and drilling costs by $17.
3 million dollar cost-plus contract in June 2008 for an initial production lot of battle-ready counter-IED systems and spares.
Nasdaq:AERG) today announced it has received a cost-plus contract for a classified system for the U.
In January the trend toward cost-plus contract flying continued.
and the award is a fixed-price, cost-plus contract worth $277 million.
In December the trend toward cost-plus contract flying continued.