Speakur

Word Pronunciation & Dictionary

open-book contract

Word Rarity Uncommon

Frequency: Zipf frequency 4.73 in modern English

Syllables
open--book -con-tract
IPA
28
Scrabble Score
16
Letters
5
Syllables
10
Unique Chars

Meaning

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.

Inflected Forms

open-book contracts (plural)

Phrases

cost plus

Frequently Paired Words

cost plus

Questions

What does open-book contract mean?
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.

How to pronounce open-book contract

  1. Open the pronunciation page — Open the Speakur entry for “open-book contract”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “open-book contract”.
  4. Repeat and practice — Say “open-book contract” aloud, matching stress and vowels until it feels natural.