As an Amazon Associate I earn from qualifying purchases.

What is Cost Reimbursement Contract in Project Management? PDF | Download eBooks

Learn Cost Reimbursement Contract definition in project management with explanation to study “What is Cost Reimbursement Contract”. Study cost reimbursement contract explanation with project management terms to review project management course for online MBA programs.

Cost Reimbursement Contract Definition:

  • A type of contract involving payment to the seller for the seller's actual costs, plus a fee typically representing the seller's profit is called cost-reimbursement contract.

    A Guide to the Project Management Body of Knowledge by Project Management Institute



Keep Learning Project Management Explanations

What is Parametric Estimating?

It is important to estimate the costs and activity durations after the project is decomposed into tasks and activities. These ...

What is Risk Assessment Matrix?

Risk assessment matrix is a tool used to identify potential risks and their impacts on a project. Risk assessment matrix ...

What is Management Elements?

To run an organization, effective management is important. Management is comprised of different components and aspects. These collectively are called ...

What is Cumulative Actual Cost?

One important purpose of developing a plan is to refer to it during the project for comparison. A comparison between ...

What is Request for Quotation?

A bid document can be written and distributed after the potential sellers are identified and the suitable seller must be ...

What is Managing Change?

When a project is carried out, it never goes as planned. Changes occurring in the project are must. These changes ...