cost-plus cost-plus

Definition(s):

  • (adj) determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit

Usage(s):

  • When the huge, gaseous diffusion plant is completed about four years from now, Goodyear will employ only 4,000 to keep it running, will be paid a cost-plus fixed fee for the job.

News

  • Therapure Biopharma Inc. Awarded US Government Contract For Development Of Anti-Nerve Gas Agent

    Mississauga, Ontario, Canada -- Therapure Biopharma Inc., a contract development and manufacturing organization (CDMO) of biotherapeutics, is pleased to announce the company will participate as a subcontractor for DynPort Vaccine Company LLC (DVC), a CSC company, that was awarded a US cost-plus-fixed-fee contract with a maximum value of $157.3 million (prime contract number W911QY-13-C-0056) by ...
    on June 17, 2013     Source: BioresearchOnline

Quotes

  1. "We have to do away with cost-plus contracts," McCain said Sept. 26 during the first debate with Sen. Barack Obama, the Democratic presidential nominee, in Oxford, Miss.
    on Sep 27, 2008 By: John McCain Source: FCW.com

  2. "I don't think people really understand that corporations have privatized the war to the point where the war itself is the cost-plus business. They are hollowing out the very core of what it means to be a government. They're using the State...
    on Jul 11, 2008 By: Joan Cusack Source: World Socialist Web Site

  3. "We know that the cost-plus contracts used in Iraq and Afghanistan are nearly blank checks to private defense contractors, primed for waste, fraud and abuse," McCaskill said July 18. "We have the same problem in this war that Harry Truman...
    on Jul 22, 2007 By: Claire McCaskill Source: DefenseNews.com (subscription)

Word of the Day
repudiate repudiate
/ri ˈpju di ˌeɪt /