An agreement on a construction project where the contractor is provided a specified profit over and above the actual costs of construction. Most homeowners avoid these contracts because the contractor has little incentive to keep costs down.
Related information about costs plus contract:
- What is costs plus contract? definition and meaning
Definition of costs plus contract: An agreement on a construction project where the contractor is provided a specified profit over and above the actual costs of ...
- New Ruling in the Atlanta, Georgia Whistleblower Case Against ...
Mar 15, 2012 ... In a costs-plus contract, Lockheed keeps track of how much work it has done, or how many parts it has made or used, and then charges the ...
- TREEN CONSTRUCTION INC v. REASONOVER - Caselaw - FindLaw
Dec 29, 2009 ... At trial, the primary issue was whether the parties had entered into a costs plus contract. [Emphasis added.] The court found no manifest error in ...
- Commercial Activity Tax: Possible Contract Language for Limited ...
May 15, 2006 ... We believe that other types of construction contracts (other than just a costs-plus contract) may enable the general contractor to qualify as an ...
- Contract Basics: Fixed Price versus Costs Plus - InfoBarrel
Apr 5, 2011 ... Something every contract employee needs to know, the difference between fixed price and costs plus contract awards.
- Law Firm Press Release
Jul 11, 2012 ... Defendant Fluor Intercontinental, Inc. entered into a $59 Million a year costs plus contract with the Army Corps of Engineers to provide O&M ...
- Outsourcing timing, contract selection, and negotiation TAO YAO ...
to reduce costs with a costs-plus contract; with a fixed-price contract, the vendor gains rewards from process innovation by keeping costs under control.
- Virginia Beach New Home Contract Tips (T) | All Pros Realty
Please be suspicious and keep both eyes peeled when moving into a 'costs-plus' contract since this isn't going to give you the actual charges that you will ...