What are the 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 agreement in project finance?
Concession agreements often involve contracts between the nongovernmental owner of a facility and a concession owner, or concessionaire. The agreement grants the concessionaire exclusive rights to operate their business in the facility for a stated time and under specified conditions.
What is the difference between a PPP and a concession?
The authors argue that PPP is the general term for a cooperative relationship between a government and private investors, that a concession is public-private cooperation in which the users pay the fees and that BT (build-transfer) existed in large numbers in the past involves a necessary government procurement of …
What is a concession rate?
An interest concession is a reduction, compared with commercial interest rates, in the interest rate charged on a loan taken out. Such concessions are typically provided directly by a government agency or by a government grant to a lending bank (in the case of a commercial loan).
What is a concession model?
In a concession model, the brand hires and pays for the staff and operations for their section of the store. Brands are given direct control of the pricing and photography of their product and have their own section of the online store that they can design.
What is the root word for concession?
Word Origin for concession C16: from Latin concēssiō an allowing, from concēdere to concede.
What is a concession recovery fee?
Concession recovery fee is essentially the rental car company charging you to recoup the amount the airport charges it to offer services there. The additional driver fee will cost you $5 to $10 – or more if the other driver is younger than 25.
What age is a concession?
People over 60 are offered concessions regardless of their ability to pay and even when they are below the state pension age, according to the Intergenerational Foundation (IF), a charity that researched 35 of the UK’s leading attractions’ ticketing policies.
How many types of PPP are there?
Among different possible classifications, PPPs can be categorized into two types: a PPP of a purely contractual nature and a PPP of an institutional nature. This categorization is adopted by the European Union and by many other countries.
What is a concession in simple terms?
1a : the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat) The union will seek further concessions before accepting the contract. b : the admitting of a point claimed in argument. 2 : something conceded or granted: a : acknowledgment, admission.
What is an example of concession?
When you are negotiating and you give in to something that the other side wants, this is an example of a concession. If the government gives tax credits to special interest groups, the tax credits are an example of a concession.