Part 13: General Schedule 3: Estimating the value of a contract Concession contracts
Paragraph 3(1) makes it clear that the valuation rules in paragraph 1 do not apply to the valuation of a concession contract.
	Paragraph 3(2) obliges the contracting authority to estimate the value of a concession contract as the maximum amount the supplier could expect to receive as a result of the contract, thereby recognising that some revenues may come from sources other than payments by the contracting authority.
	Paragraph 3(3) sets out a list of the amounts a supplier could expect to receive which must be taken into account in assessing the value of a concession contract. This includes income received from any party from the ability to exploit the works or services; this income could be monetary or non-monetary. The value of any goods, services or works provided by the contracting authority under the contract are also to be included in the valuation. VAT payable on the supply of services or works, the value of any options included in the contract for additional services or works or for extension or renewal of the contract are all to be valued, plus any premiums, fees, commission or interest that the supplier could receive in delivering the contract and amounts received on the sale of assets held by the supplier.