Definition of cost-plus in English:
Relating to or denoting a method of pricing a service or product in which a fixed profit factor is added to the costs: many companies are charging what they believe the market will bear, rather than on a cost-plus basis
More 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.
Definition of cost-plus in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in India
Most popular in Pakistan