Importance Of Private Partnership In Public Private Sector

Public Private Partnership means an arrangement between a government / statutory entity / government owned entity on one side and a private sector entity on the other, for the provision of public assets and/or public services, through investments being made and/or management being undertaken by the private sector entity, for a specified period of time, where there is well defined allocation of risk between the private sector and the public entity and the private entity receives performance linked payments that conform (or are benchmarked) to specified and pre-determined performance standards, measurable by the public entity or its representative.

PPP involves a contract between a public sector authority and a private party, in which the

Hence the administrators are to be very consistent and impartial in their dealings with the public. In business administration, discrimination is freely practiced. In the choice of products and in fixing prices, business administration overtly practises discrimination which is almost a part of business culture.

5.Public administration, especially at higher reaches of government, is exceedingly complex. There are many pulls and pressures, many minds have to meet and discuss, consultations go in the several rounds of meetings. Activities in on department have ramifications spread over several other departments. By contract, business administration is generally speaking much more well knit and single minded operation. There is much less complexity in organisation and operations. The pulls and pressures are certainly much less, as compared to the public sector operations.

6.It is political direction, that gives public administration it’s special character. Politics is at the core of the public administration and at higher echelons the civil servants must have the text and mature understanding to work and live with politicians. This speciality of public administration marks it out clearly from business