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Public Administration vocabulary · Public Procurement

Public-private partnership

Meaning in public administration, with examples

nounCommon term

In public administration, public-private partnership means: A long-term contract in which a private company finances, builds or runs public infrastructure or services, such as roads, hospitals or water plants, and shares the risks with the state.

In Turkish: kamu-özel işbirliği (KÖİ), kamu-özel ortaklığı, yap-işlet-devret modeli

How it is used

Usually shortened to PPP. Models include build-operate-transfer (BOT), in which the company runs the facility for years before handing it to the state. PPPs are debated in terms of value for money, risk sharing and long-term costs to the public budget.

Example sentences

  1. The motorway was built as a public-private partnership and will be handed over to the state after 25 years.

  2. Auditors examined whether the public-private partnership offered better value than traditional procurement.

Common collocations

  • public-private partnership project
  • PPP contract
  • build-operate-transfer
  • PPP model
  • public procurementThe process by which governments and public bodies buy goods, services and construction work from private companies, usually through open competition.
  • contractorA company or person that has signed a contract to provide goods, services or construction work, especially for a public body.
  • value for moneyGetting the best possible result from public money, considering not only the price but also quality, efficiency and how well the spending achieves its aims.
  • outsourcingPaying a private company or another organization to carry out work that a public body used to do itself, such as cleaning, IT support or meal services.

More terms: Public Procurement

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