Cost Plus definition

Cost Plus means compensating a contractor for the cost to

Cost Plus means building works or engineering works executed on the basis that the contractor is paid a management fee to cover overheads and profit and that his costs in respect of labour, material and plant are reimbursed by the client. The quantity surveyor shall examine the contractor’s claims for labour, material and plant in sufficient detail to obtain reasonable assurance that the claims are valid in terms of the contract and that they are free of material misstatement

Cost Plus or “CP” refers to the cost-plus methodology, as further described below.

Examples of Cost Plus in a sentence

• Cost Plus Fixed Fee (CPFF) method of payment shall be used for all Task Order work unless (1) the nature of the work directed is appropriate to Specific Rate of Pay (SROP) payment method (such as construction management services, research & development, and staffing support services); (2) the payment method is approved by the CDOT Project Manager and Contracting Officer; and (3) the payment method is reflected in the Task Order Proposal at the time of execution.

• This project will utilize the Cost Plus Fixed Fee (CPFF) method of compensation.

• For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Fixed cost items to be billed at the fixed cost rate.

• NOTE: For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Miscellaneous other direct expenses up to $100 per unit will be reimbursed at cost if approved and documented in advance by the State's Project Manager.

• This project will utilize the Cost Plus Fixed Fee (CPFF) method of contracting.

More Definitions of Cost Plus

Cost Plus. Pricing basis in accordance with Section 1.2 (d) above for Work subcontracted to third party(ies) by Contractor.

Cost Plus means compensating a contractor for the cost to complete a contract by reimbursing actual costs for labor, equipment and materials plus an additional amount for overhead and profit.

Cost Plus as it relates to this Section means a price estimate from Contractor to AT&T to perform a defined scope of work wherein the actual price is based on Contractors actual Cost incurred. Final price from Contractor to AT&T is Cost plus a *****% markup. Such Cost may vary from the original estimate.

Cost Plus. - means the price charged to SBCS for a service based **** Willxxxx **** cost ****

Cost Plus means Seller's actual cost in manufacturing or purchasing such sub-assemblies, Components and other parts, plus 25% of such actual cost. See Section 8.7 below which defines Seller's "actual cost."

Cost Plus means direct costs of direct materials and labor, and indirect manufacturing labor, plus an allocation of 35% of said amount to cover overhead.

Cost Plus means the actual cost incurred by Atara for Manufacturing Product (including intermediates), plus [[***]], where actual costs include, without limitation, the following: [[***]] 2.6 Amendment of Sections 1.37 – 1.59.