"open-book contract" meaning in English

See open-book contract in All languages combined, or Wiktionary

Noun

Forms: open-book contracts [plural]
Head templates: {{en-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. Wikipedia link: open-book contract Related terms: cost plus
    Sense id: en-open-book_contract-en-noun-GVpJdLBr Categories (other): English entries with incorrect language header

Inflected forms

Download JSON data for open-book contract meaning in English (1.1kB)

{
  "forms": [
    {
      "form": "open-book contracts",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "open-book contract (plural open-book contracts)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "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."
      ],
      "id": "en-open-book_contract-en-noun-GVpJdLBr",
      "links": [
        [
          "buyer",
          "buyer"
        ],
        [
          "seller",
          "seller"
        ],
        [
          "work",
          "work"
        ],
        [
          "service",
          "service"
        ],
        [
          "cost",
          "cost"
        ],
        [
          "remunerable",
          "remunerable"
        ],
        [
          "margin",
          "margin"
        ],
        [
          "supplier",
          "supplier"
        ],
        [
          "invoice",
          "invoice"
        ],
        [
          "customer",
          "customer"
        ]
      ],
      "related": [
        {
          "word": "cost plus"
        }
      ],
      "wikipedia": [
        "open-book contract"
      ]
    }
  ],
  "word": "open-book contract"
}
{
  "forms": [
    {
      "form": "open-book contracts",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "open-book contract (plural open-book contracts)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "cost plus"
    }
  ],
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns"
      ],
      "glosses": [
        "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."
      ],
      "links": [
        [
          "buyer",
          "buyer"
        ],
        [
          "seller",
          "seller"
        ],
        [
          "work",
          "work"
        ],
        [
          "service",
          "service"
        ],
        [
          "cost",
          "cost"
        ],
        [
          "remunerable",
          "remunerable"
        ],
        [
          "margin",
          "margin"
        ],
        [
          "supplier",
          "supplier"
        ],
        [
          "invoice",
          "invoice"
        ],
        [
          "customer",
          "customer"
        ]
      ],
      "wikipedia": [
        "open-book contract"
      ]
    }
  ],
  "word": "open-book contract"
}

This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-05-01 from the enwiktionary dump dated 2024-04-21 using wiktextract (f4fd8c9 and c9440ce). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

If you use this data in academic research, please cite Tatu Ylonen: Wiktextract: Wiktionary as Machine-Readable Structured Data, Proceedings of the 13th Conference on Language Resources and Evaluation (LREC), pp. 1317-1325, Marseille, 20-25 June 2022. Linking to the relevant page(s) under https://kaikki.org would also be greatly appreciated.