PPPs can offer a number of advantages over other procurement models, including:
• greater time certainty of delivery
• focus on outcomes rather than inputs, through both the procuring authority and the solution development
• greater certainty of long-term maintenance of the infrastructure over its life and associated costs
• proactive and risk mitigating interface management
• well-resourced highly skilled teams necessary for active private capital to deliver on their economic expectations; and
• discipline as a result of the private financing in the structure with respect to time, cost, quality and outcomes.
Additionally, PPPs provide an opportunity to drive innovation through competitive processes and evolve from project to project depending on the needs and expertise of both public and private partners. They also allow for the distribution and management of risks by those who are most capable to manage them.