Bidding for Concessions : The Impact of Contract Design

• Tác giả: Michael Klein
• Ngôn ngữ: eng
• Ký hiệu phân loại: 352.53 *Contracts and procurement
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 325398
• Chủ đề: 1. CONCESSIONS; 2. CONTRACT NEGOTIATION; 3. COST SHARING; 4. INFRASTRUCTURE; 5. RISKS

Tóm tắt

Infrastructure concession contracts set out the performance obligations and rights of concessionaires and the incentives and risks under which they operate, including pricing arrangements. The clarity with which these terms can be defined determines whether there is likely to be renegotiations after contract award, which may undermine the significance of the initial auction. The design of incentives and risk allocation will affect first the intensity of competition and then the sustainability of the original contract. This Note examines these issues.