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Concession

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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.

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19-456: [REDACTED] Look up concession in Wiktionary, the free dictionary. Concession may refer to: General [ edit ] Concession (contract) (sometimes called a concession agreement), a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate

38-485: A water privatisation ) for a given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term affermage ), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains

57-432: A "concession stand" within a venue Concession stand , a temporary or permanent booth that sells snacks or fast food, typically found in movie theaters, amusement parks, fairs, public swimming pools, or festivals Concessions and leases in international relations , territories in one state given to another state Concession (territory) , an area within one country that is administered by another, usually conceded by

76-681: A business (such as a water supply system in a city); in some cases, such as mining , it may involve merely the transfer of exclusive or non-exclusive easements . In the private sector, the owner of a concession — the concessionaire — typically pays either a fixed sum or a percentage of revenue to the owner of the entity from which it operates. Examples of concessions within another business are concession stands within sporting venues and movie theaters and concessions in department stores operated by other retailers . Short term concessions may be granted as promotional space for periods as short as one day. Concession agreement may also state

95-499: A certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate a "concession stand" within a venue Concession stand , a temporary or permanent booth that sells snacks or fast food, typically found in movie theaters, amusement parks, fairs, public swimming pools, or festivals Concessions and leases in international relations , territories in one state given to another state Concession (territory) , an area within one country that

114-954: A cross-border interest has been subject to the principles of the Treaty on the Functioning of the European Union . The European Commission had originally included public concession contracts in the Services Directive of 1992, but these were removed from its scope by the European Council. However, the European Parliament and the Council issued a further Directive 2014/23/EU on the award of concession contracts on 26 February 2014, which required EU member states to introduce national legislation covering

133-524: A grid-based road system in Ontario and Quebec Concession, a figure of speech also known as synchoresis Concession (contract bridge) , in contract bridge, a statement by a player as to the number of remaining tricks that he must lose Concession, a discounted price offered to certain classes of people, such as students or the elderly Locations [ edit ] Concession, Nova Scotia , Canada Concession, Zimbabwe Topics referred to by

152-522: A loan with below-market terms Concession road , a grid-based road system in Ontario and Quebec Concession, a figure of speech also known as synchoresis Concession (contract bridge) , in contract bridge, a statement by a player as to the number of remaining tricks that he must lose Concession, a discounted price offered to certain classes of people, such as students or the elderly Locations [ edit ] Concession, Nova Scotia , Canada Concession, Zimbabwe Topics referred to by

171-484: A weaker country to a stronger one Foreign concessions in China , an example of the above Concession (politics) , failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game" A step taken during negotiation whereby one party offers up something of value to them in order to work towards an agreement Concessional loan , a loan with below-market terms Concession road ,

190-429: Is administered by another, usually conceded by a weaker country to a stronger one Foreign concessions in China , an example of the above Concession (politics) , failure to challenge or cessation of challenging, as in "conceding an election" or "conceding a game" A step taken during negotiation whereby one party offers up something of value to them in order to work towards an agreement Concessional loan ,

209-401: Is different from Wikidata All article disambiguation pages All disambiguation pages concession [REDACTED] Look up concession in Wiktionary, the free dictionary. Concession may refer to: General [ edit ] Concession (contract) (sometimes called a concession agreement), a contractual right to carry on

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228-416: Is different from Wikidata All article disambiguation pages All disambiguation pages Concession (contract) 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 agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility (such as

247-468: The facilities and assets to the concessionaire. Those that were built, acquired and designated by the concessionaire may initially be owned and controlled by the concessionaire and these will be transferred to the authority once its concession duration is ended. Muhammad Ali of Egypt used contracts called concessions to build cheap infrastructure - dams and railroads - whereby foreign European companies would raise capital, build projects, and collect most of

266-402: The facilities. The assets and facilities that were built, designated, and acquired prior to the turnover of operations and maintenance from the authority to the concessionaire and are included on a plan of a project that was planned by an authority are predetermined as owned by the authority and to be operated and maintained by the concessionaire upon the turnover of operations and maintenance of

285-668: The operating revenue but would provide Ali's government with a portion of that revenue. Within the European Union , the granting of concessions by public bodies is subject to regulation. Works concessions have been subject to award rules for some time as Directive 2004/18/EC of the European Parliament and of the Council of the EU on public procurement applied to works concessions. The award of services concessions with

304-463: The responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the government and will in turn be paid an agreed fee. A grant of land or a property by the government may be in return for services or for a particular use, a right to undertake and profit by a specified activity, a lease for a particular purpose. A concession may include the right to use some existing infrastructure required to carry out

323-416: The role of an authority and concessionaire and conditions regarding control and ownership of the assets and facilities such as concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an authority once the duration of their concession ended or both the authority and concessionaire control and own

342-456: The same term [REDACTED] This disambiguation page lists articles associated with the title Concession . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Concession&oldid=1189887395 " Categories : Disambiguation pages Place name disambiguation pages Hidden categories: Short description

361-456: The same term [REDACTED] This disambiguation page lists articles associated with the title Concession . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Concession&oldid=1189887395 " Categories : Disambiguation pages Place name disambiguation pages Hidden categories: Short description

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