December 18, 2006
Section 302 of RA7160 Local Government Code
Financing, Construction, Maintenance, Operation, and Management of Infrastructure Projects by the Private Sector(BOT).
(c.) projects implemented under this Section shall be subject to the following terms and conditions.
1. The city engineer as the case may be, upon formal request in writing by the local chief executive, shall prepare the plans and specifications for the proposed project, which shall be submitted to the Sanggunian for approval.
4. The contractor shall be entitled to a reasonable return of its investment in accordance with its BID PROPOSALS as accepted by the local government unit concerned.
In the case of a Build Operate and Transfer agreement, the repayment shall be made by authorizing the contractor to charge and collect fees, rentals and charges for the used of the project facility NOT EXCEEDING THOSE PROPOSED IN THE BID AND INCORPORATED IN THE CONTRACT.
note: TOLL was not included in this section intentionally since TOLL is intended for the construction of Highways that shall charge toll fees. The BOT project is for the construction of a Tourist/Commercial Complex that shall be renting out the space to fastfood chains and the likes.






