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open-book contract

noun

Definitions

  1. A contract in which the buyer and seller of work or services agree on (i) which costs are…

    A contract in which the buyer and seller of work or services agree on (i) which costs are remunerable and (ii) the margin that the supplier can add to these costs. The project is then invoiced to the customer based on the actual costs incurred plus the agreed margin.

The neighborhood

Vish — recursive loop

No curated loop yet for open-book contract. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA