Definitions from Wiktionary (open-book contract)
▸ noun: 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.
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▸ noun: 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.
Similar:
cost plus,
contracting,
prime contract,
billback,
contractual,
self-billing,
bookbuild,
time and material,
bookrunning,
book deal,
more...
Opposite:
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▸ Wikipedia articles (New!)
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▸ Rhymes of open-book contract
▸ Invented words related to open-book contract