The Impact of Public Procurement on the Implementation of Public-Private Partnerships

Nevenka Žarkić-Joksimović, Slađana Benković and Predrag Jovanović

Chapter 4 in Innovative Management and Firm Performance, 2014, pp 91-105 from Palgrave Macmillan

Abstract: Abstract The public-private partnership concept has a great number of interpretations and ways in which it is defined. Perhaps Winer (2012) gives the most precise definition when he says that “a public-private partnership represents a relationship between the public and private sectors, in which the risk is shared based on joint efforts to achieve a desirable result of the public policies.” It is a form of cooperation that allows for the financing, construction, renovation, operation, and maintenance of infrastructure works and/or provision of services (Commission of the European Communities, 2008). Therefore, a public-private partnership represents a contractual relationship signed between government authorities and private enterprises whose subject is the realization of a project of public interest in which both parties contribute with certain resources, according to their abilities, and participate in the planning and decision making. The goal of a public-private partnership is the achievement of greater efficiency and easier access to capital in order to share the financial risks and the risks related to deadlines, while at the same time respecting high standards of environmental protection and employee safety (Benković et al., 2012).

Keywords: Private Sector; Public Sector; World Trade Organization; Public Procurement; Private Partnership (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40222-6_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137402226

DOI: 10.1057/9781137402226_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().