Talk:Cost-plus contract/Archives/2015
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Correction!
"Cost-plus" costing is a concept in Cost Accounting. It is not really a legal concept in practice although such contracts, as such, must adhere to contract law.
The whole concept of what constitutes "cost" is, in practice, subject to interpretation; and, therefore, the need for a detailed contract in respect thereof. --Lance6968 21:10, 5 October 2006 (UTC)
cost plus also includes wages. 208.117.85.47 02:02, 24 July 2007 (UTC)
"...is a contract where a contractor is paid for all of its allowed expenses..." A contractor is a he or she, not an it. Should read: "...is a contract where a contractor is paid for all of his or her allowed expenses..." 72.171.0.139 (talk) 03:10, 2 October 2009 (UTC)
voodoo economics?
As long as they make a profit, eh? 68.175.46.145 (talk) 02:12, 27 September 2008 (UTC) R.E.D.
Cost Plus or Cost Reimbursement Contracting for USG contracts defines costs as "allowable costs" per FAR Part 31.2 and as prescribed by the contract. I don't see this as being open to interpretation as there are specific definitions of what constitutes an allowable cost under the contracting method of Cost Reimbursement.