Design-Build-Operate-Finance (DBOF)

A further extension of design-build-operate delivery in which an owner enters into a single contract with a DBOF team for the design, construction, long-term operations and maintenance, and financing of a project. The financing arrangement may encompass either the entire project – in which case fees paid to the DBOF team encompass all costs for constructing the project – or a long-term financing structure with repayment of the financing costs over the contractual period for long-term operations.