Definition of cost-plus in English:

Share this entry

cost-plus

Pronunciation: /ˈkôstˌpləs/

adjective

Relating to or denoting a method of pricing a service or product in which a fixed profit factor is added to the costs.
Example sentences
  • Whether you have a cost-plus contract or a fixed price, whether your customer is in-house or external, the analysis we have performed provides an accurate view of progress for both cost and schedule.
  • The British and American governments gave serious attention to cost determination, pricing and the use of cost-plus pricing to guarantee the required production quantities.
  • The establishment of open-ended contracts on a cost-plus basis guaranteed that corporations would aggressively search out new workers and train them.

For editors and proofreaders

Syllabification: cost-plus

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.