Learn what a cost-plus contract is and understand how it works. Discover the different types of cost-plus contracts and explore their advantages...
Despite some drawbacks of the Cost Plus contract, it is one of the most promising types of contract in the construction industry. It is extremely useful in the construction sector, and the contractor and the client usually prefer it. Especially if the design and flow chart is not finished or...
For example: Lump sum contractslay out a fixed fee for services at the onset of the project, which provides a more predictable budget for project owners than a cost-plus contract does. Guaranteed maximum price (GMP) contractsset an upper limit on costs for the project owner, above which the...
cost-plus contract.A definition of the term "cost-plus contract" is presented.EBSCO_bspIcsc Dictionary of Shopping Center Terms
Read this lesson to learn what a cost plus percentage contract is. Also learn when and where these contracts are most often used along with the...
Define Cost/Plus Contract. Cost/Plus Contract synonyms, Cost/Plus Contract pronunciation, Cost/Plus Contract translation, English dictionary definition of Cost/Plus Contract. Noun 1. cost-plus contract - a contract in which the contractor is paid his tot
The meaning of COST-PLUS is paid on the basis of a fixed fee or a percentage added to actual cost. How to use cost-plus in a sentence.
cost-plus a fixed-fee contract A cost-reimbursement type contract that provides for the payment of a fixed fee to the contractor. The fixed fee, once negotiated, does not vary with actual cost but may be adjusted as a result of any subsequent changes in the scope of work or services to...
网络释义 1. 成本加成合同 会计&财务术语的中英对照_翻译家... ... cost saving 成本节省cost-plus contract成本加成合同cost-plus method 成本加成法 ... www.fanyijia.com|基于24个网页 2. 成本加利润合同 石油英语词汇(C8)--石油百科 ... cost-efficient 成本效率的cost-plus contract成本加利润合同cost-...
They can. For instance, a cost-plus contract can instill confidence in the contractor that they'll be paid and therefore, they'll be more willing to start a project even if not every detail has been finalized. That's a plus for owners who need to get a project going fast. Why Do Co...