In generally the public-private partnerships involve commercial contracts between public authorities (state or local) and private businesses.
There is no agreed definition of PPPs but they involve the following:
- Relatively long contract periods, on different aspects of a planned project: often around 25-30 years, and sometimes even longer.
- Financing comes in part from the private sector, but requires payments from the public sector and/or users over the lifetime of the project
- The private partner participates in the design, completion, implementation, and funding of the project while the public partner concentrates primarily on defining the objectives and monitoring compliance with these objectives.
- An attempt to distribute risks between the public partner and the private partner according to the respective ability of the parties to assess, control and cope with them.
The term PPP covers a wide range of contractual arrangements including:
- Design-Build-Operate (DBO)
- Design-Build-Operate-Transfer (DBOT)
- Lease-Develop-Operate (LDO)
- Build-Lease-Operate-Transfer (BLOT)
- Build-Own-Operate (BOO)
- Build-Operate-Transfer (BOT)
- Build-Own-Operate-Transfer (BOOT)
The Expiscore Consulting, in association with ISA UK is providing specialist consultancy services in the development, finance, monitoring and execution PPP (Public Private Partnership) – PFI (Private Finance Initiative) structures with special expertise in the establishment of consortia and partnerships.
more information: http://www.isauk.net