cost-plus a fixed-fee contract
A cost-reimbursement type contract that provides for the payment of a fixed fee to the contractor. The fixed fee, once negotiated, does not vary with actual cost but may be adjusted as a result of any subsequent changes in the scope of work or services to be performed under the contract.

Military dictionary. 2000.

Look at other dictionaries:

  • 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 — adjective determining payment based on the actual cost of production plus an agreed upon fee or rate of profit (Freq. 1) a cost plus government contract • Similar to: ↑indeterminate, ↑undetermined * * * cost plus, an arrangement or contract under …   Useful english dictionary

  • cost-plus — adjective Date: 1918 1. paid on the basis of a fixed fee or a percentage added to actual cost < a cost plus contract > 2. of or relating to a cost plus contract …   New Collegiate Dictionary

  • 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-Plus-Incentive Fee — A cost plus incentive fee contract is a contract based on a Cost plus contract that includes an incentive fee which is awarded if the contractor completes the work under budget. The amount of the incentive fee can be fixed, or proportional to the …   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

  • Fee — For other uses see Fee (disambiguation) A fee is the price one pays as remuneration for services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in Great Britain received a fee in contradistinction to a… …   Wikipedia

  • Government contract — Contracting with the U.S. Government is based on many of the same principles as commercial contracting andcan be very profitable, but is sufficiently different from commercial contracting to require special care.Persons entering into commercial… …   Wikipedia

  • Interchange Plus — is the common name for a pricing structure for accepting credit card transactions by merchants.The Interchange fee is an important factor in determining the actual cost of accepting creditcards. In Europe, the most common commercial contract… …   Wikipedia

  • Guaranteed Maximum Price — A Guaranteed Maximum Price (also known as GMP, Not To Exceed Price, NTE, or NTX) contract is a cost type contract (also known as an open book contract) where the contractor is compensated for actual costs incurred plus a fixed fee subject to a… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”