Cost Plus definition

Cost Plus means compensating a contractor for the cost to
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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
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Cost Plus or “CP” refers to the cost-plus methodology, as further described below.
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Examples of Cost Plus in a sentence

  • Individual items of less than $20 can be grouped as consumable parts by craft type, e.g. electrical consumable, provided the total cost per Cost Plus TO does not exceed $500.

  • Approval/Cancellation.‌ At the Judicial Council’s sole discretion, the Judicial Council may (i) approve the Cost Plus Proposal and the Contractor will complete the Work as specified in the Cost Plus Proposal or (ii) cancel the TO.

  • Material Charges to a TO.‌ Material charges for Cost Plus TOs will be based on an approved Material cost issuing system, such as: cost averaging, first-in/first-out, or last price.

  • Contract Amount 1 Allowable and Non-allowable Expenses 1 Firm Fixed Price Work 1 Allowable Expense 1 Adjustments to Allowable Expenses 1 Cost Plus Work 1 Labor Costs.

  • Cost Plus Proposal Contents.‌ Contractor shall not include any costs in the Cost Plus Proposal that are not allowed pursuant to this Agreement.


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.
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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.
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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.
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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.
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Cost Plus. - means the price charged to SBCS for a service based **** Willxxxx **** cost ****
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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."
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Cost Plus means the actual cost incurred by Atara for Manufacturing Product, plus [***], where actual costs include, without limitation, raw materials, intermediates, direct labor, and direct and indirect allocation of facilities and other overhead costs as further detailed in Exhibit C and the Manufacturing and Supply Agreement.
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