Common use of Gain Share Clause in Contracts

Gain Share. 10.1 Any Cost Savings shall be dealt with in accordance with the Variation Procedure and this paragraph 10. 10.2 The Cost Savings shall be split between the Authority and the Supplier as follows:

Gain Share. 10.1 Any Cost Savings shall be dealt with in accordance with the Variation Procedure and this paragraph 10. 10.2 The Cost Savings shall be split between the Authority and the Supplier as follows: 10.2.1 50% of the Cost Savings shall be paid to the Authority by way of a deduction in the Supplier’s quarterly invoice as detailed in paragraph 6.2.1(h) of this Schedule 4;