Overview

U n d e r s ta n d i n g P u b l i c P r i vat e Pa r t n e r s h i p s stages: companies bid on the design; once the design is completed, a contract is awarded for construction; once construction is completed, an operations contract is awarded; and so on. Type of contract P3 contracts have outcome-based specifications, meaning that the public sector owner specifies their requirements and the private Overvie w sector partner determines the best way to meet them. Conventional contracts are output-based, where the public sector owner specifies A public-private partnership (PPP or P3) is a contract between the exact outputs required through detailed specifications. a public sector entity and a private sector entity that outlines the provision of assets and the delivery of services. Although this can Timing of payments include almost any type of infrastructure or service, some of the more common P3 projects include hospitals, bridges, highways, new In a P3, the payment structure is normally such that payments types of technology and new government buildings.

Overview A public-private partnership (PPP or P3) is a contract between a public sector entity and a private sector entity that outlines the provision of assets and the delivery of services. Although this can include almost any type of infrastructure or service, some of the more common P3 projects include hospitals, bridges, highways, new

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