Common use of Cost Sharing Principles Clause in Contracts

Cost Sharing Principles. 1.1 These cost sharing principles are intended to ensure that the costs of the Parties and the relevant services administered by the Administering Authority on behalf of the Parties are shared on a fair and equitable basis. 1.2 The general approach adopted is to identify each cost element and to apportion it in the most logical and transparent way possible, being mindful of the need to avoid any one of the Parties subsidising another.