DBFODesign Build Finance Operate
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build--transfer--operate (BTO) where the transfer to the public owner takes place at the conclusion of construction rather than at the end of the contract; build--own--operate (BOO) where the developer constructs and operates the facility without transferring ownership to the public sector; design--build--operate (DBO) where the private sector provides design, construction, and operation of the infrastructure project; design-build-finance-operate (DBFO) where the responsibilities for designing, building, financing, and operating are bundled together and transferred to private sector partners.
(1) Determining Standards for Case Selection: in order to fully reflect the current status of China's WTE industry and to ensure the comprehensiveness and representativeness of the cases, the criteria for case selection are as follows: (1) the WTE incineration projects are operated by PPP arrangement, such as BOT and DBFO; (2) risk events significantly that affect their performance occurred during the project lifecycle; and (3) except for some typical and significant cases, the risk events involved occurred after 2012.
Xu continued by exploring the various merits and demerits associated with the DBFO model, before providing a general summary of risk allocation typically involved in such projects.
The company has adopted collaborative approach with its technical partners, investors and landowners and helps to deliver cost effective solutions to it's customers using a DBFO model (Design, Built, Finance and Operate).
Most of the road projects are executed through DBFO contracts.
(4) The Florida Department of Transportation (FDOT) defines a P3 as a "contractual agreement between a public agency (federal, state, or local and a private sector entity)" whereby "the skills and assets of each sector (public and private) are shared in delivering a facility for the use of the general public." (5) There are several different types of P3 delivery systems including build-own-operate (BOO), build-own-operate-transfer (BOOT), build-transfer-operate (BTO), design-build-finance-operate (DBFO), and design-build-operate-maintain (DBOM).
Most infrastructure PPPs focused much on financing methods and cooperative relationships, such as JV, BOO, BOT, BOOT, DBF, DBFO, DBFOT (Grimsey and Lewis 2008: 54), but the formation mechanisms of partnerships between the public and private sectors were not discussed.
PFI will be considered in the context of each major party of a typical Design-Build-Finance-Operate (DBFO) scheme and set against the key criteria of appropriate quality.
The decision was to construct the road using the DBFO [Design, Build, Finance and Operate] method.
Since accepting the principle of PPP, WAG need only look to England's recent M25 Widening DBFO, as an example of how PPP can be used to fund costly road projects, with agreed obligations and allocations of risk between the state and private partners.
Grimsey and Lewis (2004) listed a number of public private business models prior to the more general term PPP, many of these emphasized the operation element of the structure within its name, showing the highly important role in these arrangements including: Operate and Maintain (O&M); Operate Maintain and Manage (OM&M); Build Transfer Operate (BTO); Build Operate Transfer (BOT); Build Own Operate Remove (BOOR); Build Own Operate Transfer (BOOT); Lease Renovate Operate Transfer (LROT); Design Build Finance Operate (DBFO); Design Build Finance Operate Manage (DBFOM); Build Own Operate (BOO) etc.
DBFO (Design, Build, Finance and Operate): In this system, the government owns the project but leases it to the consortium.