Multiple choice

Directions: Choose the correct option for the given question:

In cost plus contracts, the contractor gets cost plus

  1. stipulated profit

  2. stipulated expense

  3. stipulated commission

  4. all the above

  5. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In a cost-plus contract, the contractor is reimbursed for the actual costs incurred plus a pre-agreed (stipulated) profit margin.

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