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Guidelines on PPP setting up and management
A PPP is a partnership between the public sector and the private sector for the purpose of delivering a project or a service traditionally provided by the public sector. PPPs recognise that both parties have
certain advantages relative to the other in the performance of specific tasks. By allowing each sector
to do what it does best, public services and infrastructure can be provided in the most economically efficient manner. Designed appropriately, PPPs can generate substantial benefits for consumers and taxpayers. The scope of potential benefit will, however, depend on the type of project being undertaken and the exact terms of the contract governing the PPP. It is important to note that public bodies have a critical role to play in the management and regulation of PPP during their design, construction and operation.PPPs also require effective contract monitoring procedures to ensure that contractual obligations continue to be met in terms of both quality and timing.
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