Open-book contract
id:
open-book-contract-304-6385032
title:
Open-book contract
text:
In an open-book contract, the buyer and seller of work/services agree on (1) which costs are remunerable and (2) 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. It is essentially the same as what is known as a cost-plus contract. This contract form is popular to ensure that a competitive price is obtained, for instance in cases where tender competitions are impractical. It is also useful
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Open-book_contract
date created:
date modified:
2023-05-10T15:16:46Z
main entity:
{"identifier":"Q7095698","url":"https://www.wikidata.org/entity/Q7095698"}
image:
fields total:
13
integrity:
13