Definitions
There is 1 meaning of the phrase
Cost-Plus Contract.
Cost-Plus Contract - as a noun
A contract in which the contractor is paid his total cost plus a stated percentage of profit
Example Sentences
"The construction company signed a cost-plus contract with the client."
"The government awarded a cost-plus contract to the defense contractor."
"The cost-plus contract allowed for additional expenses to be reimbursed."
"They agreed to a cost-plus contract because it provided more financial security."
"A cost-plus contract is widely used in the construction industry."
