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Cost-plus contract
/kˈɒstplˈʌs kˈɒntɹakt/
/kˈɔstplˈʌs kˈɑːntɹækt/
Cost-plus contract
01
a contract in which the contractor is paid his total cost plus a stated percentage of profit
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a contract in which the contractor is paid his total cost plus a stated percentage of profit