Definitions for "Cost-plus contract"
A contract in which the selling price is based on the total cost of production plus a fixed percentage or fixed amount.
a contract between a contractor and homeowner based on the accrued cost of labor and materials plus a percentage for profit and overhead. Also know as a time-and-materials contract.
a contract in which the contractor is paid his total cost plus a stated percentage of profit
Keywords:  counterfeit
Counterfeit