A cost-plus contract, also termed a cost reimbursement contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit. Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred expenses....
(from the article `research and development`) The terms of contract have varied widely. It is common to offer contracts on a cost-plus basis. The contractor keeps records of the hours worked by ...
See Time and Materials Contract. 
Applies to derivative products. Futures contracts trade in a 'cost-of-carry market' where the underl
Same as 'Time and Materials Contract.'
[n] - a contract in which the contractor is paid his total cost plus a stated percentage of profit
A contract where the contractor is paid for all of their allowed expenses as well as an additional profit payment.
noun a contract in which the contractor is paid his total cost plus a stated percentage of profit