Examples of Concession Agreement in a sentence
In such an event, the Authority shall be entitled to forfeit and appropriate the Bid Security or Performance Security, as the case may be, as Damages, without prejudice to any other right or remedy that may be available to the Authority under the Bidding Documents and/ or the Concession Agreement, or otherwise.
We understand that except to the extent as expressly set forth in the Concession Agreement, we shall have no claim, right or title arising out of any documents or information provided to us by the Authority or in respect of any matter arising out of or relating to the Bidding Process including the award of Concession.
There shall be a provision to sign the proposed Concession Agreement between the selected Developers and 'Project Owner' instead of Administrative Department.
In this regard, the Container Terminal Concession Agreement is under review, the Break Bulk License Agreement has now been laid in this Honourable House and the tender process for a second license has begun.
The Authority may, at the Selected Bidder’s option, adjust the amount of Bid Security in the amount of Performance Security to be provided by him in accordance with the provisions of the Concession Agreement.