What Is a BOO or BOOT contract?
A Build-Own-Operate (BOO) contract is a long-term financing model used to finance water and other infrastructure projects. With a BOO contract, a private service provider funds, designs, builds, owns, and operates the infrastructure on the client’s behalf for the term specified in the agreement. The client pays a set price for water produced or services rendered.
Once the contract comes to an end, the two parties can renew the existing contract, negotiate and draw up a new one, or terminate it. A client can also opt for a Build-Own-Operate-Transfer (BOOT) contract, where ownership of the infrastructure passes to the client when the contract comes to an end.
This approach takes away the headache associated with managing water and wastewater projects, and gives municipalities and developers peace of mind knowing that this vital service is being taken care of by a team of water treatment professionals for a monthly water or wastewater cost. AUC’s hassle-free approach to water management combines our industry expertise with a commitment to operational excellence.