cost-reimbursement estimate
nounUK /kɒst ˌriːɪmˈbɜːsmənt ˈestɪmət/
US /kɔst ˌriːɪmˈbɜːrsmənt ˈestɪmət/
A guess about how much money someone will pay back for things they bought.
The team made a cost-reimbursement estimate before the trip.
OTHER MEANINGS
2. A planning figure for money a company will get back for work it has done.
The contractor submitted a cost-reimbursement estimate for the repairs.
3. An approximate amount set aside to cover costs that will be paid back later.
Our cost-reimbursement estimate helped us plan the project.
4. A rough calculation of reimbursable expenses in a contract.
The cost-reimbursement estimate was attached to the agreement.