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cost-plus

[ kawst-pluhs, kost- ]

adjective

  1. paid or providing for payment based on the cost of production plus an agreed-upon fee or rate of profit, as certain government contracts.
  2. of or relating to a cost-plus arrangement or contract.


cost-plus

noun

    1. a method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit
    2. ( as modifier )

      cost-plus pricing

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of cost-plus1

First recorded in 1915–20
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Example Sentences

Production at this plant was to be on a cost-plus basis, the estimated cost of the material being 70 cents a pound.

This bridge has a pile foundation which was put in by the Warren Construction Company on a cost plus basis for $1,583.32.

This was done by Oscar Lindstrom on a basis of cost plus ten per cent.

The contractor was paid on the basis of cost plus ten per cent for labor and plus five per cent for materials.

He can never organize to put his industry in a "cost plus" basis as industrial producers do, and remedy must be found elsewhere.

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cost overruncost-push