Gross Cost Contract definition

Gross Cost Contract means a contract whereby the procuring authority retains the right to receipt of passenger revenue and therefore carries the financial risk in respect of the level of passenger revenue received in respect of services provided under such contract;
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Gross Cost Contract means a contract whereby the procuring authority retains the
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Gross Cost Contract means a contract whereby the procuring authority retains the "Intellectual Property Rights"
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Examples of Gross Cost Contract in a sentence

  • As part of this plan, the Authority is deploying 310 (nos) Standard and Midi buses comprising three packages through the Gross Cost Contract with private operators selected through open competitive bidding.

  • SIGNED, SEALED AND DELIVERED BY: For and on behalf of BPTS BPTS, (Phone No.) Email: SIGNED, SEALED AND DELIVERED For and on behalf of by: ▇▇▇.▇▇: ********* Date: / /2017 To Kind Attn: Ms/Mr. (Authorized Signatory) Sub: Letter of Award (LOA) for Package - (Hiring of Services for Provision / Refurbishment, Operation and Maintenance City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis).

  • The BPTS has decided to provide Soft Loan pursuant to the provisions of this loan agreement, to the “Selected Bidder” through a competitive bidding vide RFP for Selection Of Bus Operator for Provision/Refurbishment, Operation and Maintenance of City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis, for faster procurement of New Buses of the quantity and specifications provided in the abovementioned RFP.

  • SIGNED, SEALED AND DELIVERED BY: For and on behalf of BPTS BHUBANESWAR PURI TRANSPORT SERVICES, (Phone No.) Email: SIGNED, SEALED AND DELIVERED For and on behalf of by: ▇▇▇.▇▇: ********* Date: To / /2017 Kind Attn: Ms/Mr. (Authorized Signatory) Sub: Letter of Award (LOA) for Package - (Hiring of Services for Provision / Refurbishment, Operation and Maintenance City Buses for Managing Public Transport in Bhubaneswar – Puri – Cuttack on Gross Cost Contract Basis).

  • Essentially, PPP in O&M of urban bus services involve the Public Authority contracting the Private Operator to operate and maintain the buses either through the (i) Gross Cost Contract (GCC) or the (ii) Net Cost Contract (NCC).