Architecture Commons^™

Value For Money In Project Procurement, Michael Regan

Michael Regan

Extract: Public private partnerships are a method for the delivery of social and economic infrastructure services in over 80 countries worldwide. PPPs are a contractual arrangement between public and private entities through which the skills, assets and/or financial resources of both sectors are allocated in such a manner that provides optimal service delivery and good value to society. The international evidence suggests that public private partnership procurement methods using value for money evaluation criteria are delivering better infrastructure services at lower cost than traditional procurement methods.