VIII.BOT Contract as a Mixed Contract
1. Determining the kind (type) of the contract is important from the point of view…
2. In this content, the constituting elements of the BOT contract are as follows…
A. It is a bilateral contract in which one of the two parties is a contractor acting…
B. The fact that both parties agree on the work (the end result to be produced through…
a. Cost plus profit method in which the cost is determinded in accordance with the standards and principles formulated in the "General Communique on Accounting System Implementation".…
b. Ceiling price (fee) method in which the proposal which provides the highest discount on the market price level, and undertakes to maintain this price during the operation is selected. In cases where the market prices do not reflect the real costs or an equivalent price has not yet been established, the proposal which undertakes to maintain the lowest price during the…
c. A certain contribution of a contracting party who orders the work for enabling…
3. Some other remarks about the BOT contract are as follows:…
Since Art. 5 (Amended by Law No. 4493, dated 20 December 1999) of the BOT Law indicates…
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