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 ?
Additionally, we are excited about our continued implementation of a cost plus contract drilling structure which is expected to increase margins in this segment.
Duratek's portion of the cost plus contract is 30%.
This contract is a cost plus contract with duration from August 29, 2002 to August 2010.