Cost-Plus Contract: Definition, Types, and Example - Investopedia
2024年9月5日 · What Is a Cost-Plus Contract? A cost-plus contract is an agreement made between a project owner and a contractor to reimburse the contractor for expenses incurred and to add...
Part 16 - Types of Contracts - Acquisition.GOV
The cost-plus-incentive-fee contract is a cost-reimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.
Cost-plus contract - Wikipedia
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1]
Cost Plus Contract: What is it? Key Terms, Considerations
A cost-plus contract, also known as a cost-reimbursement contract, is a legally binding agreement where a client agrees to reimburse a contractor for project expenses and additional fees on top of a proportionate profit.
What is a Cost-Plus Contract in Construction? - Procore
2024年6月11日 · What is a Cost-Plus Contract in Construction? A cost-plus contract provides reimbursement for all of the costs associated with a construction project, plus a fee to account for the contractor’s overhead and profit.
Cost-Plus Contracts Defined - NetSuite
2021年4月21日 · Cost-plus contracts can help construction firms control how fluctuating costs affect their profitability. This guide explains how they work and differ from fixed price contracts.
Cost-plus contracts: Everything you need to know - PandaDoc
2023年10月4日 · Cost-plus contracts reduce contractor risk by separating profit from direct and indirect project expenses. Contract variations may include incentives for early completion or exceeding specifications or fee increases if project costs rise.
What Is a Cost-Plus Contract? | Icertis
A cost-plus contract, also known as a cost-reimbursement contract, is an agreement where the client pays the service provider for their actual expenses incurred in completing the project, along with an additional fee to cover overhead and profit.
Cost Plus Contract | Definition and Escalation Clause - Finance …
2023年6月8日 · Learn from this article what a cost plus contract is. Know when to include an escalation clause, which determines how price changes are handled.
Cost-Plus Contract (Definition, Examples) | Top 3 Types
2020年1月17日 · Guide to what is Cost-Plus Contract. Here we discuss Components, types, and examples of Cost-Plus Contract along with advantages and disadvantages.