PPP PROJECT DEVELOPMENT AND IMPLEMENTATION PROCESSES

Successfully implementing projects delivered through public-private partnership approaches requires more than issuing a solicitation and developing a contract to that effectively transfers project responsibilities and risks to a private sector team in return for certain financial considerations. Once procured, a PPP project requires continuing communication and coordination throughout the project development, implementation, operation, and preservation phases between the project partners. PPP projects also require thorough contract administration by the sponsoring agency, including periodic monitoring and public reporting of project performance relative to the terms of the contract agreement to ensure accountability of the partners to the public.

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