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It was a way of buying things, equipment and supplies, for the military. Ordinarily, in peace time, the military will issue a notice that it wants certain items, and notify companies in the relevant business that it will accept bids to supply that item. It will allow a certain amount of time for companies to prepare and submit their bid. All other things being equal the government is supposed to accept the offer of the lowest bidder, to buy items at the lowest cost. (Pilots joke about flying aircraft with 35,000 moving parts, each built by the lowest bidder). All of this bid-letting process takes time,and the military in WWII was in a terrific hurry. It needed things yesterday. So for many items the bidding was not done. A company which could produce the desired item was approached, and made an offer (which they really could not refuse) to produce the item on a cost plus basis. This reimbursed the company for all costs of producing the item, materials and labor and so on, and the "plus" part was a percentage added on after the cost was figured, to give the company a profit. This cut out the months of bidding and allowed production to begin immediately.
Wiki User
∙ 10y ago
Wiki User
∙ 11y agoA government contract to pay a manufacturer the cost to produce and item plus a guaranteed percentage.
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What did the cost plus system do?
The cost plus system help out in the costs of thing during war. The cost plus system started in World War 2.
During what war did the US government take control of all railroads?
During World War 1 the United States government took control of all the railroads. This nationalized system was called The United States Railroad Administration.
What did people drink during World War I?
What was a popular drink during world war 1 & 2? What was a popular drink during world war 1 & 2?
Why were schools closed during World War I?
Schools were not closed during World War 1.
Did World War 1 soldiers receive medals after World War 1 or during?
During and after
What system of government did Ital have during world war 2?
fACISM
What did the cost plus system do?
The cost plus system help out in the costs of thing during war. The cost plus system started in World War 2.
What drills were implemented in schools during world war 2?
Air raid drills were practiced during World War II That was also the beginning of the Emergency Broadcast System
What political system was the United States fighting for during World War 2?
Democracy.
What system of government did the US have during World War 2?
A democracy..... ever since 1776
Who was the Prime Minister of the US during the World War 2?
The US has no such position in its political system.
Who was the scientist during World War 1 invented the beam system of wireless?
Guglielmo Marconi
What type of economic system did the eastern bloc countries have during the world war 2?
A market
What system where cargo ships traveled in groups escorted by navy warships?
The system you are referring to is the Convoy System. In this system, cargo ships traveled together in groups, typically escorted by navy warships for protection against enemy attacks during times of war. This system was commonly used during World War I and World War II to safeguard merchant ships from submarines and other threats.
Where soldiers hid on the western front during World War 1?
Soldiers hid in a vast system of trenches during WWI.
Which radio location system played an important role during World War 2?
we used a radar
Was the cold war during World War 1 and world war 2?
no only during ww2
