Concession Contract definition

Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 178174 and 182178, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’), and where:

Concession Contract means a works contract concession or a service concession as defined in Article 1 5(1) of Directive 2014/24 23/EU of the European Parliament and of the Council5;

Examples of Concession Contract in a sentence

• The capital projects are focused on the Airport buildings, installations, and equipment in compliance with the Concession Contract.

• At the date of execution of the Concession Contract, the shareholders of the Company were Aecon Construction Group Inc.

• Due to changes to the Airport Development Reference Manual of IATA (the “IATA Manual”) made in December 2014, the Comptroller General of Ecuador concluded in its final report DAPyA- 0006-2016 dated January 1, 2016, that the standards in the Concession Contract were no longer aligned with those of the IATA Manual and made certain recommendations to the Municipality.

• Quiport, the Municipality and EPMSA subsequently have engaged in discussions with respect to certain amendments to the Concession Contract in this respect.

• Quiport applies the intangible asset model in accordance with IFRIC 12 "Service Concession Arrangements" and SIC 29 "Service Concession Arrangements: Disclosures" for the accounting of the Concession Contract and the corresponding disclosures in the financial statements.

More Definitions of Concession Contract

Concession Contract means Contracts for pecuniary interest, where the consideration is either; that the Supplier has the right to exploit the works / services that are the subject of the Contract, or where the Supplier has that right together with some payment from the Contracting Authority.

Concession Contract means a ‘public works concession’ or a ‘service concession’ as defined in Article 1 of Directive 2004/18/EC of the European Parliament and of the Council of 31 March 2004 on the coordination of procedures for the award of public works contracts, public supply contracts and public service contracts (1);

Concession Contract means the concession contract dated 24 June 2002 between the Macau SAR and the Company for the operation of games of chance and other games in casinos in the Macau SAR.

Concession Contract means a Contract where the consideration (payment) paid by the Council to the Provider under the Contract includes a right for the Provider to exploit the Contract commercially. This right may be the sole form of income received by the Provider or there may also be a financial payment by the Council.

Concession Contract. ’ means a works concession Contract or services concession Contract for a pecuniary interest concluded in writing by means of which the concessionaire is entrusted to execute works or provide and manage services (other than the execution of works) to one or more economic operators, the consideration for which consists either solely in the right to exploit the works or the services that are the subject of the Contract or in that right together with payment; and that meets the requirements of Regulation 3(4) of the Concession Contracts Regulations 2016 (CCR 2016).

Concession Contract means the mutually binding agreement or agreements between the contracting authority and the concessionaire that set forth the terms and conditions for the implementation of an infrastructure project;

Concession Contract means a use agreement granted to an individual, partnership, corporation, or other recognized organization, for the purpose of providing services or sales of goods or merchandise for conducting commercial activity.