Meaning of cost plus | Babel Free

Definitions

1. A form of contract whereby the contractor is paid for all permitted expenses, plus an additional payment.
   attributive, often, uncountable
2. A pricing strategy in which the selling price of a product is determined by adding a fixed percentage markup to its unit cost.
   attributive, often, uncountable

Examples

“The nature of the contracts, which were cost-plus, (in other words, a licence to print money), was probably the most expensive mistake, but the lack of proper project management comes a close second.”

CEFR level