Sentence examples for cost plus contract from inspiring English sources
In place of a fixed-price bid on the construction cost, MADE uses a "cost plus" contract.
Before the late 1990's, Halliburton had generally worked under "cost plus" contracts, which guaranteed the company a small profit on top of its costs, whatever they were.
And America may yet change from "cost plus" contracts, in which the government shares the risk of financing big projects, to more fixed-price awards, like the deal for a new airborne refuelling tanker, shortly to be awarded to either Boeing or Europe's EADS.Some big programmes are still going strong.
Instead, it would be wise for governments to move away from "Cost, Plus" contracts and move to the absolute amount and the quality of service.
Traditional, cost plus contracting for these systems would easily have exceeded $2billion per vehicle and they would not have been ready in time to keep the station supplied when Russia's progress resupply rockets began to fail.
It ends sole source, non-competitive cost plus contracting.
Instead they keep the cash flowing to the same cost plus contracts that have eaten billions of dollars of your money and delivered virtually nothing flyable.
LBG charged the federal government these rates on "cost plus" contracts, which enabled contractors to pass on their overhead costs to the agency in general proportion to how much labor LBG devoted to the government contracts.
These competition rules were introduced by Lord Levene during the 1980s to shift the burden of risk to the contractor and were in contrast to "cost plus contracts" where a contractor was paid for the value of its product plus an agreed profit.
* You will need to decide between a fixed-price and cost-plus contract.
