cost-plus contract Synonyms
No Synonyms and anytonyms found
cost-plus contract Meaning
cost-plus contract (n)
a contract in which the contractor is paid his total cost plus a stated percentage of profit
FAQs About the word cost-plus contract
a contract in which the contractor is paid his total cost plus a stated percentage of profit
No synonyms found.
No antonyms found.
The construction project was executed under a cost-plus contract, ensuring that all expenses incurred were reimbursed along with an agreed-upon profit margin.
The cost-plus contract allowed for flexibility in budgeting, as it accounted for fluctuating material and labor costs.
Under the terms of the cost-plus contract, the client agreed to pay the contractor's expenses plus an additional percentage for profit.
Cost-plus contracts are common in industries where project costs are difficult to estimate accurately upfront.
