Net Cost Contract definition
Net Cost Contract means a contract whereby the operator retains all passenger revenue and takes the risk in respect of the level of passenger revenue received in respect of services provided under such contract;
Net Cost Contract means a contract whereby the operator retains all passenger
Examples of Net Cost Contract in a sentence
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).