Concession contracts
The Concession Contracts Regulations 2016 are repealed and the single framework for procurement set out in the legislation will generally apply to the award of concession contracts, with some limited differences. A concession contract is a contract for the supply, for pecuniary interest, of works or services to a contracting authority where at least part of the consideration is the right to exploit the works or services and under which the supplier is exposed to a real operating risk. Examples include the construction and operation of a toll road, or the operation of a car park or a hospital shop. There are specific provisions covering the definition of a concession contract, how a concession contract is to be valued, as well as some specific exemptions from the regime of certain types of concession contracts.