Maintenance Contracts are a part of the Services scope. Bidder shall establish the required maintenance contracts (including initial spare parts) with the equipment providers and during Handover, transfer them to Reagrio’s SPV.
SPV – Special Purpose Vehicle is a legal entity with the sole purpose of being a Project Finance (Build Own Operate) company. The SPV will be the contractual party in a customary Turnkey EPC contract vs the Bidder. The SPV’s primary sponsor is Reagrio Inc.
It is expected that the Bidder will secure back-to-back agreements with the respective subcontractor regarding responsibilities and liabilities.