Gainshare clause
WebApr 12, 2024 · Obligation to disclose. This clause is mentioned in almost every confidentiality agreement because there are certain circumstances wherein the party can be bound to disclose the information. This can happen in the case when there is any administrative or legal authority can ask the party to disclose the information. WebApr 21, 2024 · Clause 53.3 of the NEC3 ECC Option C (clause 54.3 in NEC4) outlines the following process in relation to assessment of the pain/gain share: ‘The Project Manager makes a preliminary assessment of the Contractor’s share at completion of the whole of the works using his forecasts of the final Price For Work Done To Date and the final total of …
Gainshare clause
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WebA benchmarking clause that allows charges to be benchmarked during the contract term can help negotiate tower-based pricing. However, remember that a clause only ensures the unit charges or rate cards remain within competitive tolerances, but does not mitigate the risk of value leakage due to other factors. GENERAL PRICING CONSIDERATIONS Webgainsharing in British English (ˈɡeɪnˌʃɛərɪŋ ) noun business a. a system in which employees are financially rewarded for reducing operating costs and working more efficiently. The reward may or may not be in relation to individual performance b. ( as modifier ) a gainsharing scheme Collins English Dictionary. Copyright © HarperCollins Publishers
WebIndemnification clauses, also known as hold harmless agreements, transfer the liability of one party’s action away from the other. They can include mutual indemnification clauses and one-sided indemnification clauses. They can also define specific terms such as: Indemnity caps Covered events Claims terms Reimbursement terms Recoverable damages WebMay 15, 2010 · Gain sharing is about the sharing of the risks and rewards. In order for the agreement to work, the structure must create a win-win situation that is fair to both the …
WebJan 12, 2024 · Clause 13 - communication • 13.2 – states if Scope confirms use of contract administration tool, the date of communication has effect when entered into that system. ... change to Client Scope proposed by Contractor will NOT reduce the total of the Prices – and so assessed as part of gainshare Clause 16 – Contractor Proposals ... WebContext 1 ... and Gainshare A typical contract comprises three limbs as illustrated in Fig. 1. Limb 1 is cost reimbursement for direct costs (e.g., supervision and administration). Limb …
Webgainsharing noun gain· shar· ing ˈgān-ˌshar-iŋ : incentive-based compensation that ties wage increases or bonuses to increased productivity rather than profit increases Dictionary Entries Near gainsharing gain gainsharing GAL See More Nearby Entries Cite this Entry Style “Gainsharing.”
http://constructionblog.practicallaw.com/painshare-and-gainshare-provisions-in-alliancing-contracts-the-benefits-of-pulling-together/ psma pet kassenleistungWebnoun. gain· shar· ing. ˈgān-ˌshar-iŋ. : incentive-based compensation that ties wage increases or bonuses to increased productivity rather than profit increases. psma pet ct kostenWebGain share contracts are, typically, where the facilities management (FM) contractor’s performance or contribution to the customer, in terms of specific benefits their service brings to the customer’s business, are shared by the contractor and customer. They are relatively common in the IT outsourcing sector and are being seen more in FM. psma scan kostenWebGain Sharing Describes a contract that defines the vendor’s contribution to the customer in terms of specific benefits to the customer’s business. Such a contract also defines the … psma scan johns hopkinsWebAn indemnification clause may allow: The indemnified party to recover certain types of losses, such as attorney's fees, which are not typically recoverable under a common law … psma scan sensitivityWebAnnual Gainshare = Paid Eligible Earnings x Target Percentage x Performance Factor Payment 4. Paid Eligible Earnings. any Plan year shall mean and include the following: regular, Paid Time Off pay (including Protected PTO-PSL but excluding the payout of unused Paid Time Off pay at termination), sick pay, holiday pay, psma thyroidWebNov 21, 2016 · Gainshare is essentially a “slap on the back” for cost savings. What often happens is that contracts have gainsharing clauses, but incentives are never paid to the … psma radioisotope