5 edition of Concession contract renegotiations found in the catalog.
Concession contract renegotiations
by World Bank, World Bank Institute, Governance, Regulation, and Finance Division in Washington, D.C
Written in English
If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation.
|Statement||Antonio Estache, Lucia Quesada.|
|Series||Policy research working paper ;, 2705, Policy research working papers (Online) ;, 2705.|
|Contributions||Quesada, Lucia., World Bank Institute. Governance, Regulation, and Finance Division.|
|The Physical Object|
|LC Control Number||2002615917|
Jan 01, · 3 An incomplete contract has been defined as contract which "will be silent about the parties' obligations in some states of the world and will specify these obligations only coarsely or ambiguously in other states of the world." O Hart, Firms, Contracts and Financial Structure, Clarendon Press: Oxford, (), p. Cited by: 1. May 01, · One view asserts that any long-term contract requires adaptation in case of a change of circumstances, rebus sic stantibus being inherent in any such contract in application, also of good faith and fair dealing.4 The opposite view contends that the parties to such type of agreements are usually experienced professionals, well able to negotiate Cited by:
This chapter examines the contract renegotiations between Argentina's provincial governments and private investors holding concession contracts in the country's electricity distribution and water sectors following the country's –02 economic crisis. It focuses on two aspects of post-crisis contract renegotiations: first, it examines the circumstances under which firms and host governments. Post-Contract Renegotiations (a) Distinguishing Characteristics (b) Principles to Guide Post-Contract Renegotiations (i) Provide for Post-Contract Renegotiations in the Original Contract (ii) Individually and Jointly Review the History of the Original Contract (iii) Understand Thoroughly the Alternatives to a Renegotiated Contract;
The Book on Negotiating Real Estate is the real deal, and will put you ahead of your competition, saving you money and time in the process.” – Dave Van Horn, Author of Real Estate Note Investing “Another book by J Scott that has had a huge positive impact on my investment business!Brand: BiggerPockets Publishing. Dec 01, · Concession agreements provide a particularly acute incentive for government officials to take short-term over long-term benefits because the agreements last much longer than a leader's time in office. Concession agreements often last twenty to fifty years, whereas presidential terms are generally set at four to ten years.
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Get this from a library. Concession contract renegotiations: some efficiency versus equity dilemmas. [Antonio Estache; Lucia Quesada; World Bank Institute. Governance, Regulation, and Finance Division.] -- If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers.
If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator. Indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation.
Concession Contract Renegotiations: Some Efficiency vs. Equity Dilemmas. Article (PDF Available) concession contract signed at the auction stage, there would be no possible. Indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation, since a lower probability of firm-driven renegotiations (due to demand shocks, for example) is associated with higher welfare for all service users.
A foreseen perception that the contract is vulnerable to future renegotiations may encourage groups of investors to participate in road concession biddings who see, in the financial fragility of. The Dark and Bright Sides of Renegotiation: An Application to Transport Concession Contracts.
Author links open Our paper questions the view according to which renegotiations of concession and similar infrastructure contracts systematically The second case study deals with a concession contract that was signed in The object of the Cited by: Out of 61 road concession contracts signed between and in Chile, Colombia and Peru, 50 of them were renegotiated at least once during the same period.
There were more than renegotiations in total and each contract was renegotiated on average around once a year. Amendments and Renegotiation of PPP Contracts. While some renegotiations are efficient, many are opportunistic and should be discouraged.
Article 43 explicitly permits the modification of a concession contract in any of the circumstances where the value of the concession is not increased by more than 50 percent, as well as in the. Downloadable. This paper studies the renegotiations of road concessions in Chile, Colombia and Peru for the period First, it analyses the legal framework, the institutional design and the types of concessions of these countries and second, it uses a novel data composed of a sample of 61 of the 62 road concession contracts to explore the renegotiation of these concessions.
50 out of. Granting and Renegotiating Infrastructure Concessions. Doing it Right. Luis Guasch. The World Bank Washington, D.C.
are usually built into the concession contract and the regulatory frame- pervasive conflicts and renegotiations in the sectors, and weak regulatory effectiveness (for example, failure to. To facilitate renegotiations between the public and private sectors, this research has developed a concession renegotiation framework and compensation models for three common compensation measures, namely, toll adjustment, contract extension, and annual subsidy or.
Renegotiation Without Holdup: Anticipating Spending and Infrastructure Concessions Contract renegotiations allow administrations to replicate the effects of issuing debt. and to % in the water sector.
Table 1, which we reproduce from his book, shows that renegotiations often favor the ﬁrm at the expense of the rest of society. For. Contract Negotiation: 11 Strategies. Common negotiation tactics for negotiating business agreements. and hammer out the details of the contract.
If you're new at the game, or need a refresher, it's a good idea to review some of the tried-and-true negotiation strategies. The "offer-concession" strategy. Aug 29, · Disputes Arising from the Cancellation of Concession Agreements in the Americas. violating the concession contract, that Argentina breached the FET standard by failing to create a ‘climate of cooperation' when it engaged in renegotiations that.
Such preliminary studies would help level the playing field for concession contract negotiations. Bidding on concession revenue. To avoid costly renegotiations, Engel et al.
() suggest to adopt an auction mechanism, where the BOT concession is granted to the candidate who bids the least present value of the concession revenues. With Cited by: the article considers (1) contract renegotiations, mainly with regard to Bolivia, Ecuador and Venezuela; (2) the proposed Iraqi oil law; and (3) the handling of human rights and environmental issues by projects.
Historical background. Historically, the principal contractual form in the extractive. Cited by: International Journal of Architecture, Engineering and Construction Vol 4, No 4, DecemberRenegotiation and Early-Termination in Public Private Partnerships Xueqing Zhang∗ and Wei Xiong Department of Civil and Environmental Engineering The Hong Kong University of Science and Technology Clear Water Bay, Kowloon, Hong Kong Abstract: Frequent occurrence of renegotiations.
In Contractual Renegotiations and International Investment Arbitration, Aikaterini Florou explores the sensitive issues of renegotiating state contracts and the relationship between those contracts and the overarching international investment wiztechinplanttraining.com introducing novel insights from economics, the author deconstructs the contract-treaty interaction, demonstrating that it is not only Author: Aikaterini Florou.
Public-Private Partnerships: Economic Theory and Public Policy Eduardo Engel University of Chile DEC Lecture Series World Bank important change in the original contract Renegotiations take place in many ways: Public-Private Partnerships: Economic Theory and Public Policy.
Granting and Renegotiating Infrastructure Concessions is a major contribution toward understanding what went wrong and what should be done differently in the future to reap the potential benefits of infrastructure reform and private participation in infrastructure provision.
My book on modification of public contracts. of the concession contract whatever the reason, in practice, renegotiations are the rule, not the exception; each contract is more or less incomplete. LAWYERS. renegotiations are not necessarily unavoidable because.Public-private partnerships (PPPs) are an important vehicle for private participation in infrastructure investment, delivery and management.
Renegotiations are an integral part of the PPP process but their prevalence varies markedly in different parts of the world.Water privatisation in Jakarta began when the British water company Thames Water entered into an agreement with the son of then-President Suharto in to obtain a water concession.
Under the influence of the French water company Suez, however, the government decided to split the city's service area between the two wiztechinplanttraining.com government awarded Thames Water and Suez each a .