cost-plus
Reimbursed plus percentage
Cost-plus describes a pricing arrangement where the buyer pays the seller's actual costs plus an agreed-upon markup or fee.
Common in government contracts and construction: a cost-plus contract, cost-plus pricing.
The arrangement shifts financial risk to the buyer, since final costs aren't fixed in advance.
Added percentage for profit
- contractEnforceable written agreement
- marginEdge of a page
- percentageProportion out of hundred
- overheadLocated directly above
profit · billing · fee · reimbursement · allowance · calculation · formula · basis
Authority over a state
- defenseProtection against harm
- procurementObtaining goods externally
- militaryArmed forces collectively
- contractorHired construction professional
Pentagon · supplier · bidding · award · agreement · negotiation · specification · compliance
One who erects structures
- projectPlanned, effortful task
- renovationRestoring to good condition
- materialsRaw stuff for creation
- laborStrenuous effort; also childbirth
subcontractor · estimate · budget · homeowner · developer · invoice · transparency · accounting
markup
Added percentage for profit
- contractEnforceable written agreement
- marginEdge of a page
- percentageProportion out of hundred
overhead · profit · billing · fee · reimbursement · allowance · calculation · formula · basis · rate
government
Authority over a state
- defenseProtection against harm
- procurementObtaining goods externally
- militaryArmed forces collectively
contractor · Pentagon · supplier · bidding · award · agreement · negotiation · specification · compliance · audit
builder
One who erects structures
- projectPlanned, effortful task
- renovationRestoring to good condition
- materialsRaw stuff for creation
labor · subcontractor · estimate · budget · homeowner · developer · invoice · transparency · accounting · specification
- procurementprocurement, purchasing, purchase order, bidding, subcontract
- contractsbinding contracts, contract length, lease, clause, contract terms
- markupXML, HTML, element, attribute, tag
cost-plusfixed-price
Unchanging cost arrangement
lump-sum · flat-rate · turnkey · competitive bid · design-build
cost, plus, costs, costing, costly, costless, costliness, costed