cost-plus contract

1. 1.

   a contract in which the contractor is paid his total cost plus a stated percentage of profit

   Broadercontract

Questions about cost-plus contract

What does cost-plus contract mean?

cost-plus contract means "a contract in which the contractor is paid his total cost plus a stated percentage of profit".

Is cost-plus contract a common word?

cost-plus contract is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.