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cost-price contract

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  • Cost-plus contract — A cost plus contract, also termed a Cost Reimbursement Contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.[1] Cost reimbursement contracts contrast with… …   Wikipedia

  • cost-plus contract — A contract in which the selling price is based on the total cost of production plus a fixed percentage or fixed amount. Bloomberg Financial Dictionary …   Financial and business terms

  • price — I noun amount, appraisal, appraisement, charge, compensation, cost, disbursement, due, estimate, estimation, exaction, exchange value, expenditure, expense, fare, fee, figure, outlay, payment, premium, pretium, purchase money, quotation, rate,… …   Law dictionary

  • Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …   Wikipedia

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • cost — n 1: the amount or equivalent paid or charged for something 2 pl: expenses incurred in litigation; esp: those given by the law or the court to the prevailing party against the losing party Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

  • price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …   Financial and business terms

  • Cost-plus-incentive fee — A CPIF Cost Plus Incentive Fee contract is a cost reimbursement contract that provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.[1] Like a cost plus …   Wikipedia

  • cost — Expense; price. The sum or equivalent expended, paid or charged for something. See also actual cost costs net cost rate costing cost bond …   Black's law dictionary

  • cost — Expense; price. The sum or equivalent expended, paid or charged for something. See also actual cost costs net cost rate costing cost bond …   Black's law dictionary

  • cost — 1 noun 1 MONEY PAID (C) the amount of money that you have to pay in order to buy, do, or produce something: I ll give you $15 to cover the cost of the gas. | at a cost of: The new building s going up at a cost of $82 million. | high/low cost: a… …   Longman dictionary of contemporary English

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