Common use of GAINSHARE Clause in Contracts

GAINSHARE. 4.1 At any time during the Term, the Supplier may make a proposal to a Contracting Body and the Authority for a new or different way of providing the Services ("Proposal"). Any Proposal must clearly state that it is submitted for consideration under this gainshare provision and shall include: 4.1.1 a business case for the new or different way the Supplier intends to provide the Services; 4.1.2 the potential direct and indirect cost savings for the Supplier and the Contracting Body; 4.1.3 the potential direct and indirect costs which might be incurred by the Supplier and the Contracting Body; 4.1.4 the potential benefit(s) (financial or otherwise) to the Supplier and the Contracting Body; 4.1.5 the gainshare ratio. 4.2 The Supplier, the Contracting Body and the Authority shall meet to discuss the Proposal and shall attempt to agree the investment (financial or otherwise) to be contributed by the Supplier and the Contracting Body, the estimated amount of savings, the gainshare ratio, the timing of any payments or adjustments and the proportion of the costs and losses to be borne by the Supplier and the Contracting Body should the Proposal be aborted or not meet its financial objectives. The Supplier shall then submit a revised Proposal to the Contracting Body and the Authority.

GAINSHARE. 4.1 At any time during the Term, the Supplier may make a proposal to a Other Contracting Body Bodies and the Authority for a new or different way of providing the Goods and Services ("“Proposal"”). Any Proposal must clearly state that it is submitted for consideration under this gainshare gains share provision and shall include: 4.1.1 a business case for the new or different way the Supplier intends to provide the Services; 4.1.2 the potential direct and indirect cost savings for the Supplier and the Other Contracting BodyBodies; 4.1.3 the potential direct and indirect costs which might be incurred by the Supplier and the Contracting BodyBodies; 4.1.4 the potential benefit(s) (financial or otherwise) to the Supplier and the Contracting Body; 4.1.5 the gainshare ratio. 4.2 The Supplier, the Contracting Body and the Authority shall meet to discuss the Proposal and shall attempt to agree the investment (financial or otherwise) to be contributed by the Supplier and the Contracting Body, the estimated amount of savings, the gainshare gains share ratio, the timing of any payments or adjustments and the proportion of the costs and losses to be borne by the Supplier and the Contracting Body should the Proposal be aborted or not meet its financial objectives. The Supplier shall then submit a revised Proposal to the Contracting Body and the Authority.