Meaning Of The Word Cost-plus

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Cost-plus Meaning

Cost-plus Definition
Cost-plus Definition

What's The Definition Of Cost-plus?

cost-plus
A cost-plus basis for a contract about work to be done is one in which the buyer agrees to pay the seller or contractor all the costs plus a profit.

cost-plus in American English
with the price for goods or services set at the cost of materials, labor, etc. plus a specified percentage or amount of profit, as in some government contracts with industry
adjective: paid or providing for payment based on the cost of production plus an agreed-upon fee or rate of profit, as certain government contracts

cost-plus in British English
noun: a method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit

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