In a cost plus contract, one party agrees to reimburse the contracting party for the costs plus a specified profit proportional to the full value of the contract.
Cost plus contracts are often used in construction when the budget is limited or when there is a high probability that actual costs may be less than expected.
Contractors must provide evidence of all associated costs, including direct and indirect costs.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.