A contract under which a contractor operates a service or works and receives payment primarily from end-users (operating risk transfer). Governed by Directive 2014/23/EU on concessions rather than the standard procurement directive. Common in transport, utilities, and urban services.
This term is part of the EU public procurement glossary on TenderMetric. To see how it applies in practice, browse live EU tenders or read our procurement insights.
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Last Reviewed: April 2026 ·
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