See cost-plus-fee.

This term is defined in the 3rd and the 4th edition of the PMBOK.

Related Entries:

 

  • Cost Cost refers to the monetary value or financial pricing of a specific project activity. This cost includes all anticipated expenditures...
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  • Cost-Plus-Fee The cost-plus-fee is also referred to by the abbreviation of CPF, and represents a variant of a cost reimbursable contract...
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  • Cost Variance (CV) The term cost variance, also known by the abbreviation of CV, refers specifically to the true measurement of cost performance...
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  • Should-Cost Estimate To assist in project management when procuring items, it is recommended that an organization first complete a should-cost estimate. The...
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  • Cost Estimating When creating a budget for a job, project management must be able to engage properly in the process of cost...