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This research explores the current state of knowledge in relation to public-private partnerships (P3), taken to mean working arrangements based on mutual commitment (over and above that implied in any contract) between a public sector organisation with any organization outside of the public.
This research includes six chapters in which chapter one tells about the overview of the study, limitation and delimitations of the project. Chapter two gives the Literature review, theories emperical studies and pillars of public-private procurement. Chapter three gives the research methods in which it explains each and everything concerning scintifically statistical data processing regarding the ethical concerns. Chapter four gives the research findings and data analysis. It also include validity and reliability of data, statistical result, research questions and discussion of the results. Chapter five explains about the discussion of the of the study. It introduces the contractual terms in the procurement contracts that dealing in private sector and also the efficient gain. Chapter six tells summary, conlusion and recommendations of findings, implication of the study and suggestions for further study.
It provides eight rules for government concerning the administration of the public-private partnership. The bases for these rules draw on transaction cost economuics. Firstly, however, the results provide some background on alternative modes for the provision of infrastructure and their associaated transaction costs.
Second , it outlines a positive theiory perspective of P3 (the profit maximization, goals of the private sector, participants and the budgetary).
Thirdly, it shows that many aspects of the theory are illustrated in the Metronet (the London underground P3) case, which went bankrupt in2007.
Finally, the research proposes rules that government should follow in the P3 process if they wish to avoid high transaction cost and poor P3 outcomes. |
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