cost-plus contract
1
6.7
- noun
- Specialized
:
contrato de coste más
- Just what is so mystical about reaching space that you think is only possible via cost-plus contracts?
Examples
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This regulatory system is similar to cost-plus contracts and provides few incentives to keep costs down.
Academic text (1992) -
Someone: Also, without a cost-plus contract, he may have to do an IPO to raise capital.
Blog text (26) -
A cost-plus contract allows the contractor to spend up to 50% more than the negotiated value.
Blog text (2) -
Also, without a cost-plus contract, he may have to do an IPO to raise capital.
Blog text (26) -
"I had always thought that it was obvious, but perhaps it needs to be explicitly stated: there is absolutely no incentive for a contractor on a cost-plus contract to ever finish the job."
Blog text (2) -
The U.S. needs a TSTO Shuttle, and the only way to get one will be the old-fashioned way of a cost-plus contract so the technology can be forced forward.
Blog text (26) -
Oh, and by the way, SpaceShipOne, which did reach space, wasn't built on a cost-plus contract (nor was Pegasus).
Blog text (26) -
And also give Elon a cost-plus contract (yes, you will need to do a proper RFP for it) so he will be able to accelerate the Dragon.
Blog text (26) -
Other scapegoats have included government standards documents, requirements that were too detailed, requirements that were not detailed enough, requirements creep, mission creep, various inadequacies of young engineers, and cost-plus contracts, which have had their day in the mill on a number of different occasions.
Blog text (2) -
A cost-plus contract ensures that the contractor is reimbursed for all incurred expenses plus a standard profit margin.
How Certain
- Specialized
4
3.7
- Specialized
1
6.7
- Specialized
1
4.1
- Specialized
Surface Forms
Morphology
cost-plus + contract
The phrase transparently combines 'cost' + 'plus' with 'contract', so a learner who knows the constituents can infer it refers to a contract in which costs are paid and something is added on top (an extra fee or percentage). While the exact commercial details (how the fee is calculated) are technical, the core idea is compositionally predictable and therefore accessible to a B1 learner.
Etymology
The phrase cost-plus contract comes from a simple payment idea: the builder is paid the actual costs of the work and then a fixed amount or percentage as the plus. So today it means a contract where the client covers expenses and the contractor also gets a set 'profit'.