The difference between a BOT contract and a BOOT contract is that under the BOOT contract:
A)The customer must observe all phases of the project process before the product is handed over.
B)The project organization is obligated to complete the project on time.
C)The project organization must take initial ownership of the product.
D)The customer must organize the project's resources for the project organization.

Question

Quizplus · Accepted Answer

In a BOOT (Build-Own-Operate-Transfer) contract, the project organization is obligated to take initial ownership of the product and operate it for a certain period before transferring ownership to the customer. The customer does not need to organize resources for the project organization or observe all phases of the project process. Time completion is not an obligation in this type of contract. A BOT (Build-Operate-Transfer) contract, on the other hand, may require the customer to observe all phases of the project process and the project organization to complete the project on time.

The Difference Between a BOT Contract and a BOOT Contract