ABSTRACT
Global developments are driving the Public Private Partnerships (PPP) marketplace towards common practices and a degree of normalisation. Alternatively, project strategies from jurisdiction to jurisdiction are frequently different, which results in distinctive project implementation approaches. The standardisation enhances open markets while contextualisation accounts for the variance in PPP project objectives, conditions and stakeholders. Despite the tendency toward liberalisation and decreasing direct command and control by government, people also observe a growing number of norms to promote market stability as well as transactional legitimacy and accountability. Market rhetoric advocates that consistent or standard approaches drive value, market confidence and stability, while lowering transaction costs. States tend to maintain jurisdiction over infrastructure projects although federal requirements and approvals are necessary for projects involving federal resources or under federal jurisdiction. Standardisation in procurement processes and contract provisions is currently absent beyond the general requirements of the Federal Acquisition Regulation (FAR).
