# What are Guaranteed Commitments?

Archera Guaranteed Commitments — including Guaranteed Reserved Instances (GRIs), Guaranteed Committed Use Discounts (GCUDs), and Guaranteed Savings Plans (GSPs) — are normal 1 or 3-year AWS, Google Cloud, or Azure Reserved Instances, Committed Use Discounts, or Savings Plans where Archera guarantees to cover the cost of any losses due to overcommitment at any point after a configurable term length. This guarantee is delivered through either the resale of the commitment or rebating of its un-utilized costs.

Guaranteed Commitment term lengths can be as short as **30 days** and as long as **1 year**. Archera Guaranteed Commitments have a premium associated with them that is reflected in the net savings rate of each Guaranteed Commitment. Longer term lengths have higher net savings rates. These percentages are variable due to a number of factors controlled by AWS, Azure, and Google Cloud — including instance type, region, etc.

Savings rates can often be better than those shown below, subject to underwriting upon connecting Archera to your Cloud Billing.

| Guaranteed Commitment Term Length | Net Savings Rate |
| --------------------------------- | ---------------- |
| 30 days                           | \~29%            |
| 1 year                            | \~46%            |

## Related Resources

* [How Does Guaranteed Commitment Pricing Work?](https://docs.archera.ai/help-center/guaranteed-commitments/pricing)
* [What are Guaranteed Commitments premiums and term lengths?](https://docs.archera.ai/help-center/guaranteed-commitments/premiums-and-terms)
* [What are Guaranteed Commitment allowances?](https://docs.archera.ai/help-center/guaranteed-commitments/allowances)
* [Do Guaranteed Commitments work with AWS GovCloud?](https://docs.archera.ai/help-center/guaranteed-commitments/govcloud)
* [Do you have 3rd-party insurance?](https://docs.archera.ai/help-center/guaranteed-commitments/third-party-insurance)