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Concession (contract) A concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity. [ 1] Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an ...
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [ 1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Project delivery method. Project delivery methods defines the characteristics of how a construction project is designed and built and the responsibilities of the parties involved in the construction (owner, designer and contractor). [ 1] They are used by a construction manager who is working as an agent to the owner or by the owner itself to ...
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.
A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [ 1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores ...
Launch Complex 39A (LC-39A) is the first of Launch Complex 39's three launch pads, located at NASA's Kennedy Space Center in Merritt Island, Florida.The pad, along with Launch Complex 39B, was first constructed in the 1960s to accommodate the Saturn V launch vehicle, and has been used to support NASA crewed space flight missions, including the historic Apollo 11 moon landing and the Space Shuttle.
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