Assemble-Serve as-Transfer Contract: Definition, Risks, and Framework

Assemble-Serve as-Transfer Contract: Definition, Risks, and Framework

What Is a Build-Operate-Transfer (BOT) Contract? A build-operate-transfer (BOT) contract is a model used to finance large projects, typically infrastructure projects developed through public-private partnerships. The BOT scheme refers to the initial concession by a public entity such as a local government to a private firm to both build and operate the project in question. After

Bottleneck Definition

Bottleneck Definition

What Is a Bottleneck? A bottleneck is a point of congestion in a production system (such as an assembly line or a computer network) that stops or severely slows the system. The inefficiencies brought about by the bottleneck often create delays and higher production costs. The term “bottleneck” refers to the typical shape of a