March 7, 2015

Anchor Tenant

Planned shopping mall concept was developed by Victor Gruen in 1950s. It was then only realised that the success of the mall will depend on the number and kind

December 23, 2014

Operating Lease

An operating lease is a type of lease, normally involving equipment, whereby the contract is written for considerably less than the life of the equipment and the lessor handles

December 23, 2014

Leveraged Leasing

In leveraged leasing arrangements, the owner of a capital facility obtains the tax benefits of ownership of an asset by arranging debt financing and leasing the facility to a

December 23, 2014

Franchising

Under the franchising of external services, the government grants a concession or privilege to a private-sector entity to conduct business in a particular market or geographical area. The government

December 23, 2014

Turnkey

A public agency contracts with a private investor/vendor to design and build a complete facility in accordance with specified performance standards and criteria agreed to between the agency and

December 23, 2014

Tax-exempt lease

Under a tax-exempt lease arrangement, a public partner finances capital assets or facilities by borrowing funds from a private investor or financial institution. The private partner generally acquires title

December 23, 2014

Design-Build-Operate

In a DBO project, a single contract is awarded for the design, construction, and operation of a capital improvement. Title to the facility remains with the public sector unless

December 23, 2014

Operation Management and Maintenance (OMC) Contract

Operation and Maintenance Contract and Operation Management and Maintenance (OMC) contract are two different terms. Under Operation and Maintenance Contract, a public partner (central, state, or local government agency or authority) contracts

December 23, 2014

Build Operate Transfer

Under the Build Operate Transfer (BOT) option, the private partner builds a facility to the specifications agreed to by the public agency, operates the facility for a specified time

December 23, 2014

Build-Own-Operate

Under a Build-Own-Operate (BOO) transaction, the contractor constructs and operates a facility without transferring ownership to the public sector. Legal title to the facility remains in the private sector, and