Correct mark in a Concession Agreement - Online Editor

Correct mark in Concession Agreement with DocHub!

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What is an example of a concession contract?

Definition of a Concessions Contract Examples of concessions might include car parks built on local authority-owned land, or toll roads and toll bridges.

What is the value of a concession?

Concession Value means the net effect that a Specified Contract will have on the Obligors consolidated revenue and cost structure during a specified period of time, being the sum of the aggregate increase in revenues and the aggregate cost savings that will be realized from such Specified Contract during such time

What are concession terms?

Concession Agreements. Introduction. A concession is the right to use, develop or commercialize the property or interest of another for a period of time in return for agreed-upon payments.

What is the duration of a concession contract?

Duration of concessions A concession contract must be limited in time. For concessions lasting more than 5 years, the duration must not exceed the time in which a concessionaire could reasonably be expected to recuperate their investment.

What are the terms of a concession agreement?

A concession agreement is a contract that gives a company the right to operate a specific business within a governments jurisdiction or on another firms property, subject to particular terms.

How do you calculate the value of a concession contract?

When estimating a concessions value, the buyer must take into account: o the concessionaires total turnover generated over the duration of the contract; o net of VAT; o in consideration for the works and services that are the subject of the concession, and the supplies incidental to such works and services.

What is the award of concession contracts?

The award of a concession contract is the establishment of a legally binding concession contract. It occurs only when the Director and a selected offeror both fully execute a concession contract.

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Correct mark in the Concession Agreement