share-in-savings contract
Defined in 2 places across 2 titles of the United States Code.
The term “share-in-savings contract” means a contract under which—
(A) a contractor provides solutions for—
(i) improving the agency's mission-related or administrative processes; or
(ii) accelerating the achievement of agency missions; and
(B) the head of the agency pays the contractor an amount equal to a portion of the savings derived by the agency from—
(i) any improvements in mission-related or administrative processes that result from implementation of the solution; or
(ii) acceleration of achievement of agency missions.
Source
- 2003–present10 U.S.C. § 2332Armed Forces · Share-in-savings contracts · in this section
The term “share-in-savings contract” means a contract under which—
(A) a contractor provides solutions for—
(i) improving the agency's mission-related or administrative processes; or
(ii) accelerating the achievement of agency missions; and
(B) the head of the agency pays the contractor an amount equal to a portion of the savings derived by the agency from—
(i) any improvements in mission-related or administrative processes that result from implementation of the solution; or
(ii) acceleration of achievement of agency missions.
No share-in-savings contracts may be entered into under this section after September 30, 2005.
Source
- 2002–present41 U.S.C. § 266APublic Contracts · Share-in-savings contracts · in this section