Griffith University: 7207ENG Public-Private Partnerships Review

This report provides a comprehensive review of Public-Private Partnerships (PPPs) within the context of engineering management. It begins with an overview of the research context, followed by a literature review exploring the concept of PPPs. The report then delves into the research methods employed, including a summary of the opportunities for exploiting the PPP concept, the benefits it offers, and the barriers to its widespread application. The report highlights the importance of PPPs in infrastructure development, the role of private sector involvement, and the need for effective evaluation and risk management. It emphasizes the significance of strategic alliances, joint ventures, and the integration of technology to enhance the efficiency and effectiveness of PPPs. The report concludes with recommendations for future research and policy changes to enhance the rate of diffusion of PPPs, suggesting that PPPs should be viewed as a valuable methodology in the broader landscape of engineering management. The report focuses on the USA experience.

Running Head: ENGINEERING AND MANAGEMENT 0
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Engineering and
Management
[Public-Private Partnerships]
(Student Details:)
[09/07/2018]

Contents
Keywords: 4-6 words separated by commas......................................................................................1
1. The Research Context..................................................................................................................1
2. The Literature Review.................................................................................................................1
3. The Research Methods................................................................................................................1
3.1 Summary of the opportunities for exploiting the concept..........................................................1
3.2 Summary of the benefits of the concept........................................................................................1
3.3 Summary of the barriers to the widespread application of the....................................................1
4. Conclusion and recommendations...............................................................................................1
References..........................................................................................................................................1
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Review of Public Private Partnerships
YOUR NAME
This paper presents a review of private sector engrossment in the growth, financing and
establishment of public structure and services. If we will define Public-private Partnerships
(referred as PPP), then ‘longstanding agreement between a private firm and a government
organization, for creating a better public service where the private firm endures major risk
and organization responsibility’ will be a PPP. This study is focused on major effects of
PPP on various sectors of the nation or world over the past decade and its future prospect.
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Keywords:
Public, Private, Government,
Infrastructure, Administration, Policy, Risk
1. The Research Context
Although Public – private partnerships are
relishing a global admiration, yet there is still
ample muddle around ideas of partnership, and
what is novel about the partnership customs
that are in vogue presently. On focusing public
– private partnerships, this article argues that
valuations still are very much important to
show results regarding their effectiveness [6].
Despite their ongoing fame with governments
system, greater attention is needed to reinforce
upcoming critical evaluations and conduct
many assessments away from the policy
supporters.
2. The Literature Review
The term ‘Public infrastructure’ means the
facilities, which are mandatory for the
functioning of the society and economy. This
infrastructure can be subdivided into economic
and social infrastructure [2]. Whereas ‘private
sector’ is the sector that is a division of
national economy but state government does
not directly govern it, it is run by private
groups or individuals [3]. Origin of the theory
or strategy of ‘public-private partnership’ was
happened in the USA by introducing this
concept at small level for educational
programs then further extended for wider use
in other utilities [1].
3. The Research Methods
3.1 Summary of the opportunities for
exploiting the PPP
 Using private wealth to supply public
substructure
 Procuring private-sector proficiency
 Cultivating service delivery with
performance assurances
 Saving currency, and in some times
generating big profits [5].
3.2 Summary of the benefits of the PPP
Introducing private sector technology and
modernization in providing enhanced public
services through better functioning efficiency
is termed as PPP. To complete projects on
time and within budget, incentives strategy can
be used. This concept helps the budget by
building the nation more competitive in
business and education. It supplements limited
public sector capabilities of meeting the
growing demand for more development [5].
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3.3 Summary of the barriers to the
widespread application of the PPP
Growth, bidding and current costs in PPP
plans are greater than customary government
earning process values. Private firm does only
those tasks for what they are paid and no more
than that hence incentives and performance
desires require to be evidently discussed out in
the agreement. In this way, Autonomy in the
partnership, conflicts, accountability and
funding priorities are the big barriers for the
PPP [7].
3.4 Avenues for research, policy change to
enhance the rate of diffusion of PPP
In this era, Private financing with a bendable
technique, helps administration in overcoming
the present political paralysis to deliver rising
infrastructure. The implementation of the
expression ‘public–private partnership’
(referred as PPP) instead of merely ‘private
finance’ agreements was a masterstroke in
optimistic policy language. Ultimately,
privately financed setup delivery was born-
again both as PPP and as well as policy change
[ 4].
4. Conclusion and recommendations
Public-Private Partnerships have been an
emergent fragment of the tool for
improvement experts, non-benefits, the private
segment, and government administrations.
Still, there is an imperfect harmonization
amongst all these sectors, but the progression
is cultivating. Corporation-based
methodologies provide an important benefit,
but various growth schemes are still intended
for a previous era, therefore managing risk in
partnerships will last challenging [2].
Simultaneously, PPPs should be seen as one
likely methodology, not a suitable substitute.
In short, mutual contracts between public and
private sector are not the resolution to all
development queries. Additionally, the public
sectors also offer a wide set of its own
reasonable benefits, including: growth-specific
proficiency, supreme reach with other
administrations and unique knowledge
concerning what will work and what will
not[2].
5. Bibliography
[1] C. Skelcher, Public-Private partnerships.
New York, USA: Oxford University Press,
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2005.
[2] D. Custos and J. Reitz, "Public-private
Partnerships," The American Journal of
Comparative Law, vol. 58, no. suppl_1,
pp. 555-584, Dec. 2010.
[3] ICAO Economic Development. (2018)
ICAO Economic Development. [Online].
HYPERLINK
"https://www.icao.int/sustainability/Pages/i
m-ppp.aspx"
https://www.icao.int/sustainability/Pages/i
m-ppp.aspx
[4] E.R. Yescombe, Public-private
partnerships: principles of policy and
finance. Philadelphia, USA: Elsevier,
2011.
[5] Michael D. LaFaive. (2014, Apr.)
Mackinac. [Online]. HYPERLINK
"https://www.mackinac.org/20029"
https://www.mackinac.org/20029
[6] G. Hodge, C. Greve, and M. Biygautane,
"Do PPP’s work? What and how have we
been learning so far?," Public Management
Review, vol. 20, no. 8, pp. 1105-1121,
Mar. 2018.
[7] Centre for strategic and international
studies. (2013, Oct.) Centre for strategic
and international studies. [Online].
HYPERLINK
"https://www.csis.org/analysis/future-
public-private-partnerships-strengthening-
powerful-instrument-global-development"
https://www.csis.org/analysis/future-
public-private-partnerships-strengthening-
powerful-instrument-global-development
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