Gainshare definition
Gainshare is where a Supplier makes a proposal to a Contracting Authority(s) and the Authority for a new or improved way of providing the Services which will provide actual savings which will shared between the Authority, Supplier and Contracting Authority(s)
Gainshare means the payments made by RTA to the NOPs calculated in accordance with Schedule 7 (Commercial Framework).
Gainshare has the meaning set forth in Section 4.7(a).
Examples of Gainshare in a sentence
In each case these will be in accordance with the timetable outlined in the Gainshare Implementation Plan Following implementation, the parties shall meet to discuss the implementation as a whole, including a cost and benefit review.
Once the Gainshare Implementation Plan has been agreed between the parties, the Supplier shall implement the Service Improvement Proposal in accordance with the plan and the Supplier, the Authority and the Contracting Authority shall comply with any obligations they have assumed, including adjustments to the prices paid and obligations to make payments.
The Authority and the Contractor shall during the period of Contract identify all possible areas for Gainshare.
More Definitions of Gainshare
Gainshare means the gainshare mechanism described in Schedule 2 (Financials) Annex 3 (Gainshare);
Gainshare means the minimum continuous period of 200 Period" Days in each Year referred to in Clause 7.2 notified to the Contractor pursuant to Clause 7.3;
Gainshare means the payments made by RMS to the NOPs calculated in accordance with Schedule 7 (Commercial Framework).
Gainshare means the payments made by RTA to the NOPs calculated in accordance with this Commercial Framework.
Gainshare the gainshare (if any) which will be calculated as at the Date of Project Final Completion in accordance with the Risk or Reward Regime and in accordance with Schedule 13 (Risk or Reward Regime).] 13
Gainshare means the gainshare arrangements described in paragraph 2.12 of Schedule 5 (Payment Mechanism);
Gainshare means an approach to the review and adjustment of an existing contract where the adjustment provides benefits to both Parties. It is a mutual activity requiring the agreement of both Parties;