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What are the different types of concession agreement?

There are different types of concession contracts, including: ex-leasing, franchise, build- operate-transfer (BOT) etc. Private finance initiatives (PFIs) may also be considered similar to concessions.

What is a concession payment?

Concession payment means a payment from a private entity to the State in connection with the development or operation, or both, of a qualifying transportation facility pursuant to a concession.

What is a concession in business?

What is a concession? It is a kind of partnership between the public sector and a (usually) private company that has shown its added value in a specific area, for example developing infrastructure.

What is a concession in a project?

In the built environment, a concession is a negotiated contract that grants rights to a company by a government, local authority, or other legal entity. For example, a contractor or other supplier which funds and undertakes works in return for payment through capitalising on the finished works.

How does concession work?

Seller concessions aren't a requirement, and sellers are under no obligation to grant them to buyers. It works like this: The buyer (or the buyer's agent) negotiates the concession amount with the seller or the seller's agent. Together, they agree on a sale price that includes the amount of the seller concessions.

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