PPPs in five key concepts
Comprehensive contract
Public-private partnerships (PPPs) are comprehensive contracts. They are effective because of the synergies created between the contract’s various components: design, financing and management, construction, maintenance and operation.
Performance
A PPP gives the public authority reliable indicators so that it can better monitor and direct the performance of its co-contractor. In this way, the public authority can focus on defining and tracking the targets to be achieved.
Partnership
The co-contractors in a PPP share the same interests over the long term. This win-win relationship is the best guarantee of the partnership’s quality and durability.
Responsibility for industrial risks
The risks to be assumed by the private and public partners are defined during the preliminary assessment and competitive negotiations. The balanced sharing of risks helps to ensure that public funds are put to the best possible use.
Adaptability / Long-term approach
PPPs are long-term contracts that have to keep pace with change in their environment. The contracts therefore include clauses that adapt to circumstances and to the public partner’s requirements.