cost plus
noun1
Business Often A form of contract whereby the contractor is paid for all permitted expenses, plus an additional payment.
- The nature of the contracts, which were cost-plus, (in other words, a licence to print money), was probably the most expensive mistake, but the lack of proper project management comes a close second.2025 July 9, Christian Wolmar, “Grin and bear it: any trains are better than an HS2 graveyard”, in RAIL, number 1039, page 46:
2
Business Often A pricing strategy in which the selling price of a product is determined by adding a fixed percentage markup to its unit cost.