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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 an additional payment to allow for risk and incentive sharing. Cost-reimbursement contracts contrast with fixed-price contracts, in which the contractor is paid a negotiated amount regardless of incurred expenses.
History & Technology
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| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| engineering | instance of | Cost plus contracting was expanded to include services | 0.80 | text |
| consulting | instance of | Cost plus contracting was expanded to include services | 0.80 | text |
| and a variety of other such efforts in the 1980's.RecentBetween 1995 | instance of | Cost plus contracting was expanded to include services | 0.80 | text |
| 2001 fixed fee cost-plus contracts constituted the largest subgroup of cost-plus contracting in the U.S. defense sector | instance of | Cost plus contracting was expanded to include services | 0.80 | text |
| Cost-plus contract | related to External links | The Federal Procurement Data | 0.60 | section |
| Cost-plus contract | related to External links | System The | 0.60 | section |
| Cost-plus contract | related to External links | Government | 0.60 | section |
| Cost-plus contract | related to External links | Defense Industrial Initiatives Group | 0.60 | section |
| Cost-plus contract | related to External links | Cost-plus Contracting Narrated Slide | 0.60 | section |
| Cost-plus contract | related to External links | Show | 0.60 | section |
| Cost-plus contract | related to history | Frank | 0.60 | section |
| Cost-plus contract | related to history | Gilbreth | 0.60 | section |
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