Bot Project Agreement

A dealership gives a dealer the long-term right to use all property transferred to the dealership, including operational responsibility and certain investments. Ownership of the assets remains owned by the Authority and the Authority is generally responsible for the replacement of significant assets. Assets are reset to the authority at the end of the concession period, including assets acquired by the dealer. In a dealership, the dealer generally receives most of its income directly from the consumer and therefore has a direct relationship with the consumer. A concession includes an entire infrastructure system (the dealer that supports existing assets, as well as the construction and operation of new assets). The dealer will pay a concession fee to the authority, which is generally protected and used for the exchange and extension of assets. A concession is a specific concept in civil law countries. To make things confusing, projects closer to BOT projects are called concessions in common law countries. THE BOT is widely used in infrastructure projects and public-private partnerships.

Under the BOT, a third party, for example public administration. B, delegated to a private organization to design and build infrastructure and operate and maintain these facilities for a period of time. During this period, the private party is responsible for financing the project and is authorized to retain all revenues generated by the project and owns the entities under consideration. The facility is then transferred to the public administration at the end of the concession contract,[4] without remuneration from the private entity concerned. Some, if not all, of the following parts could be involved in any BOT project: an Agreemend Build-Operate-Transfer (BOT) is an agreement whereby an investor commits to build, finance and exploit a certain infrastructure value (for example. B an airport, a port, a power plant, a water system, etc.) for a period of time before transferring infrastructure assets to the government. The duration of such an agreement is generally long enough for the investor to re-take back the investment costs associated with building the infrastructure by applying a tariff or user fee during the period during which he operates the infrastructure. There are a number of variations of the basic BOT model.

Under construction company transfer contracts (BOOT), the contractor owns the project during the project period. Under work leasing contracts (LTOs), the government leases the project to the contractor for the duration of the project and implements it. Other variants have to build the contractor project as well as the project. An example is a DBOT (design-build-operate transfer) contract. In the IT field, the BOT model is usually used to create a team or part of a team from a project or a company establishment. To not waste time and effort, to find, attract and involve experienced specialists in the work on a project, a company can use the BOT mechanism to create an outsourcing component to accomplish its tasks. So you don`t need to look for an office, take care of renting, hiring a team and other important things. In addition, this approach is usually related to ESP, which helps you create a team somewhere abroad where it will be much cheaper. Esp means that they are external service providers focused on better responding to customer needs. In contract theory, several authors have studied the pros and cons of pooling the construction and operation phases of infrastructure projects.

In particular, Mr. Hart (2003) used the incomplete approach to public procurement to determine whether incentives for non-contract investments are smaller or larger when the different phases of the project are grouped under a single private contractor. [8] Hart (2003) argues that incentives to pool cost-cutting investments are greater than dissociation.