Word.ws English Dictionary

open-book contract

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.

Noun

open-book contract (plural open-book contracts)

  1. 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.

Forms of open-book contract

pluralopen-book contracts

Questions about open-book contract

What does open-book contract mean?
Open-book contract means 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.
What part of speech is open-book contract?
Open-book contract is a noun.
What is the plural of open-book contract?
The plural of open-book contract is open-book contracts.

Words near open-book contract in the dictionary

  1. open-armed
  2. open-arse
  3. open-arses
  4. open-back
  5. open-book
  6. open-book contract
  7. open-book contracts
  8. open-breasted
  9. open-carried
  10. open-carries
  11. open-carry

Source and license

Adapted from Wiktionary: open-book contract (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

Last updated:

Cite this entry: “open-book contract.” Word.ws, https://word.ws/open-book_contract. Based on Wiktionary, CC BY-SA 4.0.