DBOT definition

DBOT means Design-Build-Operate-and-Transfer (DBOT). A contractual arrangement whereby the private party undertakes the financing and construction of an infrastructure project and the operation and maintenance thereof. The private party operates the facility over a fixed term during which it is allowed to collect from the facility’s users appropriate tariffs, tolls, fees, rentals, or charges not exceeding those proposed in the bid or negotiated and incorporated in the PPP agreement, to enable the private party to recover its investment and operating and maintenance expenses for the project (plus reasonable profit). The private party transfers the facility to the Government Agency at the end of the fixed term that shall be specified in the PPP agreement. This shall include a supply-and-operate situation, which is a contractual arrangement whereby the supplier of equipment and machinery for an infrastructure project operates it, providing in the process technology transfer and training of the nominated individuals of the Government Agency.

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DBOT or “Design, Build, Operate & Transfer” shall have the meaning set forth in Recital (A);

DBOT means Design Built Operate & Transfer

Examples of DBOT in a sentence

• The College President shall provide notice of the suspension to the District Board of Trustees and the faculty member shall be given the opportunity to present his or her version of the controversy at the next regularly scheduled meeting of the DBOT.

• The Corporation of Chennai (CoC) plans to develop a Multi Level Car Parking Facility (Parking Facility) in Zone VII of Chennai City at ▇▇▇▇▇▇▇ Garden on a Design, Build, Operate and Transfer (DBOT) basis to cater to the parking demand in the area.

• Within 21 days of receipt of the President’s notice, the faculty member must file a petition with the DBOT if he or she elects one of the following: (1) public hearing consistent with the policies and procedures of the College; (2) an administrative hearing as set forth in State Board of Education Rule 6A-14.0411, FAC; or (3) the parties can mutually agree to an independent hearing procedure or other alternative dispute resolution process.

• The DBOT, as well as the Auditor General, and other applicable entities may require and receive from the Consortium and its independent auditor any data or supplemental information related to the operation of the Consortium.

• The Consortium Board shall also be responsible for the prudent management of all gifts consistent with donor intent, provided that such intent is consistent with the goals of the DBOT and College and in the best interest of the State, and will not otherwise conflict with applicable law.

• The Member shall not be subject to personal liability or required to fund or cause to be funded any obligation by reason of these indemnification provisions.

• Upon request, the Executive Director of the Consortium shall report to the DBOT, the President, or designee, full, complete and timely information regarding the operation of the Consortium.

• The DBOT and Consortium are separate and distinct legal entities, and nothing in this Agreement is intended to create a joint venture, partnership, agency or irrevocable or revocable trust between the Parties or persons referred to herein.

• The DBOT has oversight responsibility for the Consortium because it is a direct support organization of Indian River State College (“the College”) and was created to operate the charter schools owned and operated by the College in a manner consistent with the purposes, goals, and objectives of the DBOT and the College, at all times.

• The Consortium will establish asset allocation for the charter schools and adopt spending policies that support the College’s mission and objectives developed by the DBOT and in compliance with applicable federal and state laws and existing College policies.

More Definitions of DBOT

DBOT means a contract entered or to be entered into between a Municipal Corporation and a private operator in accordance with Section I.C.1(a) of the Schedule to the Project Agreement.