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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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