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Cost Plus Contract
A type of contract where the buyer agrees to pay the seller all project costs, plus an additional amount or percentage as profit.
Allowable Expenses
Costs that are recognized under the provisions of a contract or agreement as reimbursable or claimable.
Contractor's Fee
The payment made to a contractor for their services, typically a percentage of the total cost of a construction project.
Cost Reimbursable Contract
A type of contract where the client pays the contractor for all legitimate actual costs incurred for the project plus a fee representing the contractor’s profit.
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