Definition of cost plus in English English dictionary
agreement in which a product's sale price includes production cost and an additional profit to the seller
determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit; "a cost-plus government contract
A cost-plus basis for a contract about work to be done is one in which the buyer agrees to pay the seller or contractor all the cost plus a profit. All vessels were to be built on a cost-plus basis