A cost reimbursable contract (sometimes called a cost plus contract) is one in which the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. Option Eof the NEC3 Engineering and Construction Contract (ECC) is an example of a cost reimbursable contract.
[Reference:, - CIPS study guide page 176-179, - Cost reimbursable contract, LO 3, AC 3.3, ]
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