Shared savings

Under a shared savings contract the cost savings are split for a pre-determined length of time in accordance with a pre-arranged percentage: there is no ÔstandardÕ split as this depends on the cost of the project, the length of the contract and the risks taken by the contractor and the consumer.
Related Term: 
Contracting Method
Unit of Measure: 
None
Sector: 
Commercial, Residential, Multifamily
Bedes version: 
Version 2.6
Term ID: 97d3ce49-e147-4817-97c6-2f1a95a1c569

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