Common use of GAINSHARE Clause in Contracts

GAINSHARE. Frequency Purpose and Scope of Benchmark Review The Authority requires the Supplier to carry out Benchmark Reviews of the Services. The Authority shall not be entitled to request a Benchmark Review during the first six (6) Month period from the Commencement Date nor at intervals of less than twelve (12) Months after any previous Benchmark Review. The purpose of a Benchmark Review will be to establish whether the Benchmarked Rates are, individually and/or as a whole, Good Value. The rates that are to be the Benchmarked Rates will be identified by the Authority in writing. Benchmarking Process The Supplier shall produce and send to the Authority for Approval, a draft plan for the Benchmark Review. The plan must include: a proposed timetable for the Benchmark Review; a description of the benchmarking methodology to be used;