Acknowledgement
The work presented in the paper was supported by the National Science Council of Taiwan, grant NSC93-2211-E-002-058.
International conference on construction engineering and project management (국제학술발표논문집)
- 2005.10a
- /
- Pages.469-473
- /
- 2005
- /
- 2508-9048(eISSN)
THE FUNDAMENTAL PRINCIPLES OF BOT CONTRACT DESIGN
- Eva C. W. Sung (Dept. of Civil Engineering, National Taiwan University) ;
- S. Ping Ho (Dept. of Civil Engineering, National Taiwan University)
- Published : 2005.10.16
Abstract
Contract design plays a key role in the life cycle of BOT project. All project management activities and operation processes are arranged in consistence with the document of BOT contract which the public sector ensures that the respective roles and responsibilities set out in the contract are fully understood and fulfilled to the contracted performance criteria. With limited theories to deal with some fundamental issues of BOT contract design, we try to collect data from case studies and formulate several practical principles. The conclusions presented in this paper are analyzed from two cases, one is based on an early case in the United Kingdom, and the other based on the Taiwan High Speed Railway case. The purpose of this paper is not about covering all legal issues about BOT contract design, but rather, our work provides common considerations applicable to the contract parties of a broad range of BOT contracts. The results in this paper shall propose some fundamental principles of the BOT contract design.