ABSTRACT

PPP which stands for public private partnership can take many forms, but essentially it is a way of involving private sector investment into public projects to reduce the public borrowing requirement. It also allows the public sector to transfer more risk to the private sector for creating and looking after or even funding public facilities so that they can concentrate on their core business such as healthcare, transportation policy or managing justice. Some of the principles for integrated project management which have been emerging from previous chapters such as early involvement of contractors, the committed use of risk and value management, integrated design and construction, life cycle costing and collaborative relationships are an integral part of PPP procurement. It is a flexible model and comes in several forms according to client need and might be expanded further.