Contracting 101: Cost-Reimbursement and Cost-Plus Contracts
See the latest from GovWin web editor Lindley Ashline: Cost-reimbursement, or cost-plus, is a type of contract where a contractor is paid for all of its allowed expenses up to a set limit, plus additional payment to allow the company to make a profit. Cost-reimbursement contracts contrast with fixed-price contracts, in which the contractor isRead… Read more »