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 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 Council20;

Examples of Concession Contract in a sentence

The successful proposer shall be expected to accept the provisions of the Sample Concession Contract as written.
It is critical for proposers to understand all the terms and conditions of the Sample Concession Contract included herein.
The proposal must also adhere to the operational requirements as described in the Sample Concession Contract.
Incumbent Preference 5 PointsIncumbent proposals are awarded points based on annual Performance Evaluations (See DPR 531 in the Sample Concession Contract) performed by the State as follows.
However, through (2) of that same Article, it is possible that other charges may be subject to economic regulation in light of the Concession Contract or other title that sets the activities and services specifically subject to economic regulation.

More Definitions of Concession Contract

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 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 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;