Section 302 of RA7160 Local Government Code on BOT

SECTION 302 OF RA7160 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.