Common Contracts
1 similar null contracts
UNIVERSIDAD DE LOS ANDESJanuary 25th, 2018
This association consist on the delegation of some services of public works to the private firm (e.g., highways, electric power facilities, water supply, etc.) [17] . In road infrastruc- ture, the most common structure of project is known as built-operate-transfer (BOT), where the private company builds and manages an infrastructure project for a well de- fined time and then transfers it to public authorities [1]. At the start of the partnership, both parties agree to the parameters and assignments of the project through a contract that will work until the lifetime of the project. Nowadays, there are several types of schemes used to make PPPs, with variations on the project’s financing, time and risks, but the main structure of delegation remains the same ([7],[12]). The scheme used on this article is described in detail in Chapter 2.1. The BOT contract scheme benefits both the public entities by providing high quality infrastructure, and the private firm through well revenued projects
