In construction, cost-plus contracts are drawn up so contractors can be reimbursed for direct costs and indirect oroverheadcosts. All expenses must be supported by invoices and receipts that identify the contractor's spending. The contract also provides the contractor with the opportunity to make a...
Two problems associated with cost-plus and incentive contracts in the construction industry are discussed: the financial costs of an earlier construction start through the use of a 'fast-tracked' design-build cycle, and the counterproductive effects of the 'adverse selection' of competing construction...
The term “cost-plus” refers to the payment/reimbursement of the total costs together with a pre-determined profit. However, some expenses are not considered at times. This is due to an error or negligence on the part of the contractor. Furthermore, in some cases, both parties set the u...
The Cost Plus contract has been gaining more and more traction in my world over the last 12 years and is now my preferred contract. When I discuss the process of hiring a contractor (both the when and the how) I always talk about the different sorts of contracts we might consider using ...
cost reimbursable and fee contracts 【经】 成本补偿加费用合同 cost contract 【法】 费用偿付合同 cost reimbursement contract 补偿费合同 cost plus contract 成本保利合同 cost plus fee contract 成本加费用契约见cost plus contract. cost accrued in construction contract 出包工程应付费用 cost plus fix...
2.This is because most construction contractors charge their customers, the developer, on a cost-plus basis. 3.For now, that is the Space Launch System rocket, developed by NASA using cost-plus contracts. 4.Under this cost-plus model, drugs will be transparently and straightforwardly priced ...
Amber Dasilva / Jalopnik, Quartz, 6 May 2024 This is because most construction contractors charge their customers, the developer, on a cost-plus basis. Jeremy Kahn, Fortune, 15 Feb. 2024 For now, that is the Space Launch System rocket, developed by NASA using cost-plus contracts. Eric Ber...
a请问您准备怎样付押金呢? Ask how you do prepare to pay the deposit? [translate] aRisk ranking and analysis in target cost contracts: Empirical evidence from the construction industry 风险等第和分析在目标成本合同: 实验证据从建筑业 [translate] ...
Adj.1.cost-plus- determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit; "a cost-plus government contract" indeterminate,undetermined- not precisely determined or established; not fixed or known in advance; "of indeterminate age"; "a zillion is ...
What costs are included in a cost-plus contract? Is cost-plus a good idea? What are the types of cost-plus contracts? When should you use a cost-plus contract? Related links Firm Fixed Price and Cost Plus Fixed Fee Construction by LM Jaszkowiak 2012 Cited by 4 The objective ...