Easily Insert Words from the Concession Agreement

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How to Insert Words from the Concession Agreement

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concession contract a concession or concession agreement is a grant of rights land or property by a government local authority corporation individual or other legal entity public services such as water supply may be operated as a concession in the case of a public service concession a private company enters into an agreement with the government to have the exclusive right to operate maintain and carry out investment in a public utility such as a water privatization for a given number of years other forms of contracts between public and private entities namely lease contract and management contract in the water sector often called by the french term of image are closely related but differ from a concession in the rights of the operator and its remuneration alice gives a company the right to operate and maintain a public utility but investment remains the responsibility of the public under a management contract the operator will collect the revenue only on behalf of the government and wi

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What is the purpose of a concession agreement?

Concession contracts are used by public authorities to deliver services or construct infrastructure. Concessions involve a contractual arrangement between a public authority and an economic operator (the concession holder).

What is the difference between a concession and a lease?

The definition of a rental concession is a compromise a landlord makes to the original lease terms in the hopes of attracting or keeping a tenant. This means it can range from modifying the lease terms, tenant permissions, or other benefits mutually agreed upon.

What is a concession in business terms?

In a concession, a company is remunerated mostly through being permitted to run and exploit the work or service and is exposed to a potential loss on its investment.

What are the benefits of concession contracts?

The major advantage of a concession is that it allows certain public assets, for which private ownership is economically inefficient and politically not possible, to be maintained and operated efficiently by private players.

What is an example of a concession agreement?

For example, a concession agreement exists between the governments of France and the U.K. and two private companies regarding the Channel Tunnel. The British Channel Tunnel Group Limited and the French France-Manche S.A. operate the Channel Tunnel, often referred to as the Chunnel under this agreement.

Are concession agreements leases?

A concession agreement is a lease of public property or city right-of-way. Decisions to lease city property or public right-of-way are legislative decisions to be granted at the sole discretion of the city council.

Does concession mean 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.

What are the disadvantages of concession?

Cons: Highly complex to implement and administer. May have underlying fiscal costs to the government. Negotiation between parties and finally making a project deal may require long time.

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Insert Words from the Concession Agreement