What is Gain Sharing?
In general terms, Gain Sharing is the sharing of cost savings and/or other non-monetary benefits between a client and a service provider. Usually tied to stated savings objectives or other goals, Gain Sharing is a feature of some managed services contracts.
OTHER TERMS BEGINNING WITH "G"
- Generally Accepted Accounting Principles (GAAP)
Generally Accepted Accounting Principles (GAAP) represents the standard account practice guidelines or the common way financial accounting is reported and recorded for a company (public or private), not-for-profit organization, or state or local government.
- Government Contract Bidding
The Steps to Bid & Win Government Contracts Look in the mirror. In order to bid on and win government contracts, you’ll have to sell products or services that the government buys — and at a competitive price. Get your…
- Gross Margin & Gross Profit
Gross Margin is the difference between revenue and cost of goods sold, or COGS, divided by revenue, expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold (production or…
- Guaranteed Sale
First, a consignment is NOT a sale. It creates an agency relationship between the consignor and the consignee, where the product, goods or produce continues to belong to the consignor until the consignee sells it on the consignor’s behalf. A…