How To Use Cost-plus In A Sentence
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The government would fund the railways on a cost-plus basis for four years while the company got to grips with its costs and management structure.
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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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The price range between the lower cost-plus price and the higher value-based price signifies the additional profits available to a manufacturer that charges a value-based price for its product.
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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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By limiting the number of projects for which it will compete, it will work only on a cost-plus basis where its risk is limited to its fee.
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The British and American governments gave serious attention to cost determination, pricing and the use of cost-plus pricing to guarantee the required production quantities.
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In 1940, Congress authorized cost-plus contracts and advance payments.
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The popularity of single-use products, however, mushroomed dramatically when their use was skewed by a reimbursement system that permitted all single-use items to be charged to the patient on a cost-plus basis.
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Selling solutions creates opportunities for value-based rather than cost-plus pricing.
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Of course it always covered its costs, but it did not set its costs on a cost-plus system.
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The purchase of that financially strapped firm would expand their foothold in environmental cleanups and in long-term government cost-plus services.
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Like most of the contracts awarded, it is structured on a cost-plus basis, meaning the more the company incurs in costs the more profit it makes.
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In present-day Russian practice, cost-plus prices are rarely used, with the exception of the least effective ones, based on a fixed profitability rate.
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Most of these contracts are awarded on a cost-plus basis, meaning the company charges the cost of their services plus a fixed profit margin - generally 3 percent or higher.
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It's a no-cap, cost-plus contract, with no estimate of its total worth given.
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The no-bid contracts with the company are organized on a cost-plus basis, guaranteeing it a set profit over and above whatever it spends.
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a cost-plus government contract
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All vessels were to be built on a cost-plus basis.
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Prior to 1996, the majority of Californians bought power from investor owned utilities operating under standard cost-plus regulations.
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The establishment of open-ended contracts on a cost-plus basis guaranteed that corporations would aggressively search out new workers and train them.
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Nov 9/05: A $160 million firm-fixed-price/cost-plus fixed-fee contract modification to definitize the undefinitized action for calendar year 2005 production support and annual sustainment activity.
Defense Industry Daily
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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.
