follow Dictionary.com

Stories We Like: Novels For Language Lovers

cost-plus

[kawst-pluhs, kost-] /ˈkɔstˈplʌs, ˈkɒst-/
adjective
1.
paid or providing for payment based on the cost of production plus an agreed-upon fee or rate of profit, as certain government contracts.
2.
of or pertaining to a cost-plus arrangement or contract.
Origin
1915-1920
1915-20
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples from the web for cost-plus
  • In fact, the high cost is a direct result of the government's cost-plus procurement approach.
  • cost-plus was the original model and channeled excess funding into extra hospitals, machineries and inefficient mergers.
  • It'd only make sense to over-estimate and then come in under if it was a cost-plus contract to begin with.
  • The only real question is whether those contracts are cost-plus with endless cost overruns, or whether they'll be fixed price.
  • cost-plus fee contracts are common in the construction industry.
  • Similar to cost-plus-time bidding, lane rental provides a contractual incentive for early completion.
British Dictionary definitions for cost-plus

cost-plus

noun
1.
  1. a method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit
  2. (as modifier): cost-plus pricing
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source

Word of the Day

Difficulty index for cost-plus

Few English speakers likely know this word

Word Value for cost

6
7
Scrabble Words With Friends

Quotes with cost-plus