This Guidance outlines issues for public sector bodies forming Joint Ventures ("") with the private sector. The Guidance concentrates on the factors which the public sector should consider in determining whether a is the best delivery model for its infrastructure and public services needs and one which will meet its objectives in the most effective and efficient way. It explains key issues that need to be addressed in establishing or procuring a arrangement and provides a framework for the public sector body to follow. This Chapter sets out: ∙ The purpose and scope of the Guidance; ∙ What is meant by a "Joint Venture" in the context of this Guidance; ∙ When a JV might be appropriate; and ∙ The key steps in setting up a JV. |