Cost-plus contract

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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.

Cost-Plus Contract

An agreement between a buyer and seller 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.
References in periodicals archive ?
Duratek's portion of the cost plus contract is 30%.
This contract is a cost plus contract with duration from August 29, 2002 to August 2010.
5 million cost plus contract from the United States Army for its Tactical Unmanned Aerial Vehicle (TUAV) development program.