How To Use Cost-plus contract In A Sentence
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The contract was found to be a cost-plus contract with a $65,000 ‘estimate’ and a fixed contractor's fee of $5,000.
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In the lecture he also examined the notions of cost and cost accounting in relation to the pricing of cost-plus contracts during the second World War.
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A cost-plus contract provides that the owner will reimburse the contractor for all construction costs and pay a fee for his services.
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In 1940, Congress authorized cost-plus contracts and advance payments.
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It's a no-cap, cost-plus contract, with no estimate of its total worth given.
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This results in a cost-plus contract with a guaranteed maximum price, he explains.
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Whether you have a cost-plus contract or a fixed price, whether your customer is in-house or external, the analysis we have performed provides an accurate view of progress for both cost and schedule.
