Cost-plus contract (redirected from Cost/Plus Contract)
Also found in: Dictionary
in which the selling price is based on the total cost
of production plus a fixed percentage or fixed amount.
An agreement between a buyer
in which the seller agrees to make or produce a good for the buyer. The selling price
is the cost
to the seller of making or producing the good in addition to some fixed fee
or percentage of the cost. See also: Cost-plus pricing.