Florida Concession Agreement
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How to fill out Concession Agreement?
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FAQ
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.
Some of the essential clauses in a concession agreement are as follows:Definition clause.Scope of the project.Grant of concession.Concession period.Conditions precedent.Damages for delay by the authority.General obligation of the concession holder.General obligation of the authority.More items...?
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.
Concession Request means any request for deviation from the COMPANY requirements, either by the CONTRACTOR or SUPPLIER, usually after receiving the Contract package or Purchase Order.
The concession process typically involves the following steps: Development of technical, economic and financial analyses documents for the Data Room. Pre-qualification of bidders. Request for Proposal invitations to pre-qualified bidders.
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. May require close regulatory oversight.
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.
A concession is a form of permission given to use or release (see disposition) a product (or service) that does not conform to specified requirements. This permission is generally only allowed within specified limits, and for a limited quantity, or time, or specified use.
In politics, a concession is the act of a losing candidate publicly yielding to a winning candidate after an election after the overall result of the vote has become clear. Concession is not a legal mandate. A concession speech is usually made after an election.
