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• s  determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit
  a cost-plus government contract

• Halliburton and the other large contractors work on a cost-plus basis the cost of its work (negotiated in advance) plus a defined profit of up to 3%.
• From now on, said the Navy, it will abandon cost-plus-fixed-fee contracts (in which the contractor is guaranteed a profit no matter what his costs) and return to competitive .
• Employers in other fields are often afraid that aerospace workers, who are conditioned to working under cost-plus contracts with guaranteed profits, could not adjust to tightly .

News & Articles

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• 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 ...
  June 17, 2013 - BioresearchOnline

Quotes

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• John McCain in FCW.com
  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.
• Claire McCaskill in DefenseNews.com (subscription)
  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... Joan Cusack http://www.google.com/url?q=http://en.wikipedia.org/wiki/Joan_Cusack&source=dictionary&usg=AFQjCNFeuOBuLWHAkxZVnwgX0rRuCyNyEQ World Socialist Web Site http://www.google.com/url?q=http://www.wsws.org/articles/2008/jul2008/wari-j12.shtml&source=dictionary&usg=AFQjCNGixXopFo4tvT7jsgFjtEjOAWN-fg Jul 11, 2008 22724 30476 cost-plus 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...