Home > Terms > English, UK (UE) > Cost-plus fee (CPF) contract
Cost-plus fee (CPF) contract
A type of cost reimbursable contract where the buyer reimburses the seller for the seller's allowable costs for performing the contract work, and seller also receives a fee calculated as an agreed upon percentage of the costs. The fee varies with the actual cost.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
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