He thus typically bears a higher commercial risk than under a management contract.
The management contract involves less than $6 million, over at least five years.
By law, that rate cannot be increased during the 10 years of the management contract.
Most are schools for which Edison has been given a management contract by a school district concerned about a history of poor student performance.
The company also has management contracts with 220 other hospitals.
The management contract with his company continued until the end of its three-year term, last spring.
The city signed a new management contract and two events were held at the theatre in 2011.
They all continued to be run by the same people under a management contract.
The management contract will be open for bidding next year.
The district has the power to end a management contract if it decides a school is not being run well.
Wörterbuch für Begriffe aus dem Bereich Personalwesen