Advantages & Unique Aspects of a BOT Agreement
RQAW | DCCM has successfully helped deliver over 20 Build, Operate, Transfer (BOT) agreements throughout the state of Indiana, including the Delaware County Justice Campus (See Figure 1), Indiana’s largest vertical BOT construction project. A BOT agreement enables municipalities and local government entities an avenue to enter into Public-Private Partnership agreements for infrastructure and vertical building projects. This approach offers both developers and municipalities significant flexibility in both design and implementation.
Choosing the delivery method best for your project
Understanding a BOT Agreement
A BOT agreement, authorized under Indiana Code 5-23, is an arrangement between private development companies and municipalities. In this setup, a developer is granted concessions to finance, design, construct, and operate large-scale infrastructure projects. Upon completion, the ownership of the project is transferred to the municipality. BOT contracts are a prevalent form of Public-Private Partnership, offering significant benefits to both parties. Under a BOT agreement, the developer is responsible for delivering the project at a Guaranteed Maximum Price (GMP) within a fixed schedule.
A BOT agreement offers municipalities a reliable, efficient, and cost-effective solution for executing large infrastructure projects. By leveraging the expertise and resources of RQAW | DCCM, municipalities can achieve high-quality project outcomes on time and within budget while mitigating financial and operational risks.
Click here to see a project that was delivered through a BOT agreement.