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Define cost in a cost plus contract

North CarolinaConstruction Contract

Attorney for subcontractor in litigation.

1 reply

Aug 8, 2018
Cost-plus contracts are very common in the construction industry. At it's core, a cost-plus contract represents a situation where a contractor is reimbursed for all of their construction-related expenses ("cost"), and also paid a specific amount for profit ("plus"). Of course, there are a lot of nuances when it comes to cost-plus contracting - and a recent article from the balance goes a long way to explain the ins and outs of cost-plus contracting.
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