Build-operate-transfer contract,
Definition of Build-operate-transfer contract:
A build-operate-transfer (BOT) contract is a model used to finance large projects, typically infrastructure projects developed through public-private partnerships.
The BOT scheme refers to the initial concession by a public entity such as a local government to a private firm to both build and operate the project in question. After a set time frame, typically two or three decades, control over the project is returned to the public entity.
An agreement between a private company and a governmental body. The agreement commits the private company to build and operate a facility - such as a power plant - for a period of time then transfer ownership to the government. In some cases, an actual transfer does not take place; rather the government will act as primary customer.
How to use Build-operate-transfer contract in a sentence?
- Under a build-operate-transfer (BOT) contract, an entity—usually a government—grants a concession to a private company to finance, build and operate a project for a period of 20-30 years, hoping to earn a profit.
- BOT projects are normally large-scale, greenfield infrastructure projects that would otherwise be financed, built and operated solely by the government.
- A build-operate-transfer (BOT) contract is a model used to finance large projects, typically infrastructure projects developed through public-private partnerships. .
- After that period, the project is returned to the public entity that originally granted the concession.
Meaning of Build-operate-transfer contract & Build-operate-transfer contract Definition
Build-Operate-Transfer Contract,
What is The Meaning of Build-Operate-Transfer Contract?
Meaning of Build-Operate-Transfer Contract: Construction, Operation and Transfer (BOT) agreements are a model for financing large projects, usually infrastructure projects, developed through public-private partnerships.
- Build, Operate and Transfer (BOT) contracts are a model for financing large projects, typically infrastructure projects that are developed through public-private partnerships.
- BOT projects are generally large-scale, completely new infrastructure projects that will be funded, constructed and run exclusively by the government.
- Under the Construction, Operation and Transfer (BOT) contract, a company, usually the government, grants a concession to a private company to finance, build and operate the project for a period of 2030 years.
- After that the project will be made public which was originally given a discount.
Literal Meanings of Build-Operate-Transfer Contract
Build:
Meanings of Build:
Make (something) by putting parts or materials together.
Make it faster or faster.
Proportion of human or animal body.
The style or construction of something, especially a car.
Sentences of Build
The workshop was built in 1736.
She is of medium height and thin.
Synonyms of Build
form, mould, model, put up, ■■■■■, escalate, augment, chassis, set up, raise, beef up, construct, frame, fashion, make-up, improve, multiply, boost, proportions, shape, stature
Operate:
Synonyms of Operate
carry out an operation, make go, employ, exercise, perform surgery, use, work, control, manoeuvre, be in charge of, manage, steer, wield, utilize, pilot, guide, run, ply, drive, manipulate, put someone under the knife, set off, intervene, handle
Transfer:
Meanings of Transfer:
Change of location, route or mode of transport during travel.
Small colored drawings or paper drawings that can be moved to another level by pressing or heating.
Change of location, route or mode of transport during travel.
Sentences of Transfer
On the other hand, between Latin and English, the meaning is conveyed by the inhabitants
The bus fare between the airport and the city center costs about £ 11.
Synonyms of Transfer
fetch, transferral, hand over, conveyance, divert, turn over, carry, refer, cede, handover, shift, give, removal, relinquish, sign over, resettle, surrender, assign, changeover, uproot, conduct, transplant, lift, shifting, channel, send
Contract:
Meanings of Contract:
A written or ■■■■ agreement, specifically a lease, sale or lease agreement, intended to gain legal force.
Synonyms of Contract
convention, catch, concordat, shrink, decrease, dwindle, diminish, treaty, undertake, bargain, settlement, go down with, come down with, be stricken with, succumb to, run up, deal, bond, commitment, undertaking, agree, develop
