cost sharing

  

Definition

Multiparty arrangement under which costs of a program or project are shared by the involved parties, according to an agreed upon formula.

Use cost sharing in a sentence

  • You should try to have a cost sharing agreement to lower the total output that your company has on a project.

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  • We had a really good cost sharing strategy and it came across in our work, which was absolutely fantastic and great.

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  • You should try to have a good cost sharing strategy whenever you are looking to take on a major purchase.

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