Build operate transfer BOT - Revision history

Designing Buildings at 09:16, 10 March 2021

2021-03-10T09:16:05Z

← Older revision		Revision as of 09:16, 10 March 2021
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	= Introduction =		= Introduction =

−	A build, operate and transfer (BOT) contract is a ~~simple~~ project delivery model that ~~can be~~ used for large projects developed through Public Private Partnerships (PPPs). The term 'Public Private Partnerships' refers to a very broad range of partnerships in which the public and private sectors collaborate for some mutual benefit.	+	A build, operate and transfer (BOT) contract is a project delivery model that is typically used for large projects developed through Public Private Partnerships (PPPs). The term 'Public Private Partnerships' refers to a very broad range of partnerships in which the public and private sectors collaborate for some mutual benefit.

−	Under a BOT contract, a private organisation undertakes to complete a ~~large~~ project, such as ~~a complex~~ infrastructure project, which they are granted a concession to finance and build by a public sector partner, typically a government department. The public partner may provide limited funding or other benefits (such as tax exemptions) but the private organisation accepts most of the risks.	+	Under a BOT contract, a private organisation undertakes to complete a project, such as an infrastructure project, for which they are granted a concession to finance and build by a public sector partner, typically a government department. The public partner may provide limited funding or other benefits (such as tax exemptions) but the private organisation accepts most of the risks.

−	The private organisation is then granted the right to operate the project for a ~~contracted~~ period of time~~. They can then~~ receive a concession ~~to operate it during~~ that ~~set period~~.	+	The private organisation is then granted the right to operate the project for a specific period of time and they receive a concession for that.

	= Applications =		= Applications =
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	One early example of the method is the China Hotel in Guangzhou, Guangdong, China. Completed in 1984, the five-star hotel was delivered under a DOT arrangement between the local Guangzhou municipal government and several foreign entities. It was the first venture with foreign investment and management in China.		One early example of the method is the China Hotel in Guangzhou, Guangdong, China. Completed in 1984, the five-star hotel was delivered under a DOT arrangement between the local Guangzhou municipal government and several foreign entities. It was the first venture with foreign investment and management in China.

−	One of the leading sources of funds on the project, Hopewell Holdings Ltd of Hong Kong, operated the property for a fixed period of time upon its completion. In 1998, Marriott took over management of the property through 2018. After that point, the ownership and management of the hotel was taken over by Guangzhou Lingnan International Enterprise Group Co. Ltd.	+	One of the leading sources of funds on the project, Hopewell Holdings Ltd of Hong Kong, operated the property for a fixed period of time upon its completion. In 1998, Marriott took over management of the property through to 2018. After that point, the ownership and management of the hotel was taken over by Guangzhou Lingnan International Enterprise Group Co. Ltd.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 17:15, 9 March 2021

2021-03-09T17:15:11Z

← Older revision		Revision as of 17:15, 9 March 2021
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−	[[File:BOT.ChinaHotel.jpg]]	+	[[File:BOT.ChinaHotel.jpg\|link=File:BOT.ChinaHotel.jpg]]

	= Introduction =		= Introduction =
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	* Public Private Partnership.		* Public Private Partnership.
	* The Chinese construction industry.		* The Chinese construction industry.
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		+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Project_Knowledge]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Property_development]] [[Category:Public_procedures]]

Editor: Created page with "File:BOT.ChinaHotel.jpg = Introduction = A build, operate and transfer (BOT) contract is a simple project delivery model that can be used for large projects developed throu..."

2021-03-09T17:10:12Z

Created page with "File:BOT.ChinaHotel.jpg = Introduction = A build, operate and transfer (BOT) contract is a simple project delivery model that can be used for large projects developed throu..."

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[[File:BOT.ChinaHotel.jpg]]

= Introduction =

A build, operate and transfer (BOT) contract is a simple project delivery model that can be used for large projects developed through Public Private Partnerships (PPPs). The term 'Public Private Partnerships' refers to a very broad range of partnerships in which the public and private sectors collaborate for some mutual benefit.

Under a BOT contract, a private organisation undertakes to complete a large project, such as a complex infrastructure project, which they are granted a concession to finance and build by a public sector partner, typically a government department. The public partner may provide limited funding or other benefits (such as tax exemptions) but the private organisation accepts most of the risks.

The private organisation is then granted the right to operate the project for a contracted period of time. They can then receive a concession to operate it during that set period.

= Applications =

This form of arrangement is used in some parts of the United States and in other regions of the world.

One early example of the method is the China Hotel in Guangzhou, Guangdong, China. Completed in 1984, the five-star hotel was delivered under a DOT arrangement between the local Guangzhou municipal government and several foreign entities. It was the first venture with foreign investment and management in China.

One of the leading sources of funds on the project, Hopewell Holdings Ltd of Hong Kong, operated the property for a fixed period of time upon its completion. In 1998, Marriott took over management of the property through 2018. After that point, the ownership and management of the hotel was taken over by Guangzhou Lingnan International Enterprise Group Co. Ltd.

= Related articles on Designing Buildings Wiki =

* Build lease transfer BLT.
* Build, own, operate and transfer (BOOT).
* Chinese renaissance architecture in China and Hong Kong.
* Design build finance transfer (DBFT).
* Guangzhou Circle.
* Procurement route.
* Public Private Partnership.
* The Chinese construction industry.