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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved