Risk Management in Public–Private Partnership Contracts

Tahir Nisar ()

Public Organization Review, 2007, vol. 7, issue 1, pages 1-19

Abstract: Public–private partnerships (PPPs) allow private companies to build, own and operate public projects such as schools and hospitals on behalf of the public sector. PPP contracts commonly require the private agent to take responsibilities for the performance of the asset over a long term, at least for a significant part of its useful life, so that efficiencies arising from long-term investment and asset management can be realized. However, the evidence is finely balanced on the effectiveness of such initiatives in obtaining the intended goals. This brings to the fore the challenge of designing and implementing innovative partnership plans to manage public services more effectively. More emphasis needs to be placed on strategies for the transfer of risk for the successful conclusion of PPP contracts. Copyright Springer Science+Business Media, LLC 2007

Keywords: Risk management; Public–private partnership; Value for money; Secondary financing markets (search for similar items in EconPapers)
Date: 2007
View list of references

Downloads: (external link)
http://hdl.handle.net/10.1007/s11115-006-0020-1 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:kap:porgrv:v:7:y:2007:i:1:p:1-19

Access Statistics for this article

Public Organization Review is edited by Ali Farazmand

More articles in Public Organization Review from Springer
Series data maintained by Christopher F. Baum ().