A cost-plus contract is a construction agreement that requires reimbursement for project costs as well as a markup that covers the contractor’s overhead and profit. In other words, the name is a short-hand way of remembering what the contract covers: project costs plus contractor markup. ...
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 ...
ROSENFELD Y,GELTNER D.Cost-plus and incentivecontracting:some false benefits and inherent drawbacks. Construction Manager . 1991Rosenfield, Y. and Geltner, D. (1991), Cost-plus and incentive contracting: Some false benefits and inherent drawbacks, Construction Management and Economics, 9, 481- ...
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be fully assessed and valued in advance, or the scope has the potential to change frequently, so they are primarily used in the construction industry. Government agencies also tend to use cost-plus contracts for the ability to choose a contractor based on qualifications instead of the lowest ...
Regardless of the extent to which a particular project is unclear, construction can begin. Cost Plus Contract gives this liberty to the contractor and the client. In almost all cases, the actual total cost of the project is less than the cost estimated in the reimbursement contract. ...
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(internal cost of construction or maintenance work plus economic externalities derived from environmental and social impacts) of performing routine maintenance or... T Iwashita,Y Sewaki,T Matsumoto - Springer Netherlands 被引量: 0发表: 2012年 ...
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...