Common use of Share-in-savings Clause in Contracts

Share-in-savings. If the final Project Reimbursable Costs Plus Fixed Fees, as presented by Contractor within sixty (60) days after Final Completion and then reviewed and audited by the Owner, are less than the GMP, as adjusted for any changes made in accordance with this Agreement, then savings represented by the difference shall be shared on the following basis: 30% to the Contractor and 70% to the Owner. SAMPLES

Share-in-savings. If the final Project Reimbursable Costs Plus plus Fixed Fees, as presented by Contractor Operator within sixty (60) days after Final Completion and then reviewed and audited by the Owner, are less than the GMP, as adjusted for any changes made in accordance with this Agreement, then savings represented by the difference shall be shared on the following basis: 3025% to the Contractor Operator and 7075% to the Owner. SAMPLES.

Share-in-savings. If the final Project Reimbursable Costs Plus Fixed Fees, as presented by Contractor within sixty (60) days after Final Completion and then reviewed and audited by the Owner, are less than the GMP, as adjusted for any changes made in accordance with this Agreement, then savings represented by the difference shall be shared on the following basis: 30% to the Contractor and 70% to the Owner. SAMPLES.