cost-plus Synonyms
No Synonyms and anytonyms found
cost-plus Meaning
Wordnet
cost-plus (s)
determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit
cost-plus Sentence Examples
- The company implemented a cost-plus pricing strategy to ensure profitability while covering all expenses.
- The cost-plus contract allowed for reimbursement of all project expenses plus an agreed-upon profit margin.
- The cost-plus model incentivizes efficiency and cost control to maximize profits.
- Under the cost-plus system, suppliers are reimbursed for their expenses plus a negotiated markup.
- The cost-plus approach provides transparency by clearly outlining all costs and the added profit margin.
- Cost-plus pricing is commonly used in construction contracts to account for fluctuating material and labor costs.
- The cost-plus method ensures that businesses are adequately compensated for their services while maintaining competitiveness.
- Government contracts often utilize a cost-plus structure to ensure fair compensation for contractors and suppliers.
- Some critics argue that the cost-plus model can lead to inflated prices if not carefully monitored.
- The company's cost-plus pricing strategy has helped it remain profitable in a competitive market.
FAQs About the word cost-plus
determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit
No synonyms found.
No antonyms found.
The company implemented a cost-plus pricing strategy to ensure profitability while covering all expenses.
The cost-plus contract allowed for reimbursement of all project expenses plus an agreed-upon profit margin.
The cost-plus model incentivizes efficiency and cost control to maximize profits.
Under the cost-plus system, suppliers are reimbursed for their expenses plus a negotiated markup.
