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...
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...
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...
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)...
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...
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,...
In 1950s, an Old Russian Model was indianized by PC Mahalanobis, the founder of Indian Statistical Institute and a close aide of Pandit Nehru. This model is known...
This is one of the best-known early theoretical models of development that focused on the structural transformation of a primarily subsistence economy. In 1954, Sir Arthur Lewis wrote...
This model says that every economy must save a certain proportion of its national income, if only to replace worn-out or impaired capital goods (buildings, equipment, and materials)....
The Rostow’s Stages of Growth model is one of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. The...
