Practical Law Glossary Item 9-501-7294 (Approx. 2 pages)
Glossary
Design-Build-Finance-Operate (DBFO)
A project delivery structure in which:
The private sector party is awarded a contract to design, construct, finance and operate a capital project. In consideration for performing its obligations under the agreement, the private sector party may be paid by the government agency (for example, availability payments) or from fees collected from the project's end users.
The government or government-owned entity retains ownership of the project.