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cost-plus Definition

☆ cost·-plus (kôst′plus′)

adjective

with the price for goods or services set at the cost of materials, labor, etc. plus a specified percentage or amount of profit, as in some government contracts with industry
cost-plus Usage Examples

Modifies a noun

  • pricing: Many start-up businesses work out a cost figure for each product and add a modest mark-up - known as cost-plus pricing.
  • contract: The initial cost-plus contract was awarded by the Air Force in November 1996 to Boeing Defense Group.
  • basis: The price feed technology is also capable of recalculating your trade and/or retail pricing on a cost-plus basis as part of each update.
  • fee: Each of the participating companies worked to a cost-plus fee type of contract that was placed by its own national government.