Shared savings contract definition
Shared savings contract means a Population-Based Contract that:
Shared savings contract means a Population-Based Contract that (i) allows the provider to share in a portion of any savings generated below a predetermined population-based budget, and (ii) incorporates incentives and/or penalties for performance relative to quality targets.
Shared savings contract means a contract for one or more utility cost-savings measures that do not involve capital equipment projects, which contract:
More Definitions of Shared savings contract
Shared savings contract means a contract for one or more energy savings measures, which contract provides that all payments, except payments for maintenance and repairs and obligations on termination of the contract prior to its expiration, are to be a stated percentage of calculated savings of energy costs attributable to the energy saving measure over a defined period of time and are to be made only to the extent that such savings occur. A contract that requires any additional capital investment or contribution of funds, other than funds available from state or federal energy grants, or that is for an initial term of longer than ten years is not a shared-savings contract.
Shared savings contract means a PopulationBased Contract that:
Shared savings contract means an agreement a Population-Based Contract that
Shared savings contract means an agreement that (i) allows the provider to share in a portion of any savings generated below a predetermined population- based budget, and (ii) incorporates incentives or penalties for performance relative to quality targets.
Shared savings contract means a contract for one or more energy saving measures, which contract:
Shared savings contract means an agreement under which a private sector person or company undertakes to design, implement, install, operate, and maintain improvements to the agency's or municipality's procedures, equipment or facilities, and the agency or municipality agrees to pay a contractually specified amount of measured or estimated energy cost savings.