cost plus contract means a contract entered into between an owner and a home construction service supplier under which payment to the supplier is based on the cost of a product plus the supplier's rate for labor to install the product plus an agreed percentage of profit or a stipulated fee.
cost plus contract means a domestic building contract under which the amount the builder is to receive under the contract cannot be determined at the time the contract is made, even if prime cost items and provisional sums are ignored;
cost plus contract means a contract under which a builder is entitled to recover an amount excluding prime cost items and provisional sums that is not determined at the time when the contract is entered into, being an amount that includes the actual cost to be incurred in —
More Definitions of cost plus contract
cost plus contract means a domestic building contract under which the amount the building contractor is to receive under the contract can not be calculated when the contract is entered into, even if prime cost items and provisional sums are ignored.
cost plus contract means a domestic building work contract under which the total amount payable to the builder (exclusive of prime cost items and provisional sums) cannot be determined at the time the contract is entered into;S. 3(1) def. of "Department" substituted by No. 46/1998 s. 7(Sch. 1).
cost plus contract means one under which the payment for the work is the actual cost, plus ei- ther a fixed fee or a percentage of the cost as profit.
cost plus contract means a contract where the contractor, when finished the agreed-upon works, receives compensation equal to expenses plus profit.
cost plus contract means a contract entered into 13
cost plus contract means a domestic building work contract under which the total amount payable to the builder (exclusive of prime cost items and provisional sums) cannot be determined at the time the contract is entered into.