Publication: Bidding for Concessions : The Impact of Contract Design
Date
1998-11
ISSN
Published
1998-11
Author(s)
Klein, Michael
Abstract
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.
Citation
“Klein, Michael. 1998. Bidding for Concessions : The Impact of Contract Design. Viewpoint. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/11527 License: CC BY 3.0 IGO.”
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