About Public Private Partnership
Public Private Partnership is a form of contract where a private sector company finances, plans, designs, executes, runs and maintains public buildings or facilities.
An advantage when constructing new public buildings
Public Private Partnership is an advantage when constructing new public buildings and facilities. It guarantees a far-sighted, economic and competitive solution in comparison with traditional forms of tendering.
In a Public Private Partnership, the public party commissions and rents the building or facility from the partnering private sector company. The rental is fixed and typically runs for a period of 20 or 30 years.
The contract includes continuous operation and maintenance. The building or facility is thus well maintained throughout these years and protected against degradation.
Shared responsibility to reduce risks
As the commissioning party, you enter a close dialogue with the bidders both before the choice of partners and afterwards, when the project is implemented. This means that you as the partner must think in overall economic terms.
Everyone has a shared responsibility for minimising risks, and everyone must think in terms of 20 or 30 years' operation and maintenance. This implies up-to-date solutions and thorough consideration of material choices. In other words, value for money.
Public Private Partnership is used both for single projects and multiple projects carried out simultaneously. Significant overall economies can be made this way.