PPP Contracting options
PPP, an acronym for public-private partnership, describes a venture that is financed and operated via a partnership between the government and a company in the private sector. In the contractual agreement, the private entity offers a public service and assumes a significant technical, financial and operational risk. For a contractual agreement between the government and the private entity, the following options are available.
1. Design-Bid-Build: - Firstly, an engineering design firm is contracted to establish guidelines on the required materials, equipment and the potential costs to complete the project. The private sector is then invited to bid on the provided specifications with the winning contractor ...