Oregon Concession Agreement
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FAQ
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.
Construction work concession means the exclusive right to exploit a structure, received as consideration for the performance of construction work provided for in subsection (4) of this section.
There are several kinds of concessions, represented by the three concession forms: Pre-requisite Waivers, General Concessions (different kinds, which are specified in the checklist on the form); and Timetable Clashes.
Legal Definition of concession 1 : an act or instance of conceding or yielding. 2 : something conceded: as. a : acknowledgment, admission. b : something granted especially as an inducement (as to enter into an agreement)
Concession contracts are used by public authorities to deliver services or construct infrastructure. Concessions involve a contractual arrangement between a public authority and an economic operator (the concession holder).
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.
Key Takeaways. A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms.
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. Bid preparation period.
What are concessions? Concessions are defined in the public sector procurement Directive 2004/17/EC (the Directive) as contracts where the consideration for the works or services to be carried out consists either solely in the right to exploit the work or service, or in this right to ex- ploit together with payment.
A price agreement, sometimes called a pricing agreement or a fixed price contract, is a legal contract between a service provider and a client that sets criteria of what services a contractor will provide for a set price.
