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.

Origin of cost-plus

First recorded in 1915–20
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for cost-plus

Historical Examples of cost-plus

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


British Dictionary definitions for cost-plus

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