open-book contracts

A form of open-book contract — 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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Meanings

noun
  1. pluralplural of open-book contract
Cite this entry
APA

open-book contracts. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/open-book%20contracts

MLA

“open-book contracts.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/open-book%20contracts. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “open-book contracts,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/open-book%20contracts.

Source: open-book contracts on Wiktionary, CC BY-SA 4.0.