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Cost-plus contract

/kˈɒstplˈʌs kˈɒntɹakt/

/kˈɔstplˈʌs kˈɑːntɹækt/

Definition & Meaning of "cost-plus contract"

Cost-plus contract

01

a contract in which the contractor is paid his total cost plus a stated percentage of profit

Example

Nearby Words

cost-of-living index

cost-of-living benefit

cost-of-living allowance

cost-pull inflation

costa rican colon

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