| English Dictionary |
COST-PLUS CONTRACT
| IPA (US): |  |
Dictionary entry overview: What does cost-plus contract mean?
• COST-PLUS CONTRACT (noun)
The noun COST-PLUS CONTRACT has 1 sense:
1. a contract in which the contractor is paid his total cost plus a stated percentage of profit
Familiarity information: COST-PLUS CONTRACT used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
A contract in which the contractor is paid his total cost plus a stated percentage of profit
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("cost-plus contract" is a kind of...):
contract (a binding agreement between two or more persons that is enforceable by law)
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"There is nothing as eloquent as a rattlesnake's tail." (Native American proverb, Navajo)
"The living is more important than the dead." (Arabic proverb)
"Honesty is the best policy." (Czech proverb)