Term: PPP
Public-private partnership; acronym pronounced by spelling it out. Update: Also now called P3. Because we need the time saved by eliminating one syllable for something important.
Public-private partnership; acronym pronounced by spelling it out. Update: Also now called P3. Because we need the time saved by eliminating one syllable for something important.
A procurement model that uses the private sector to finance infrastructure development and to be repaid for its investment through some form of revenue sharing with the government client.
Evaluation criteria that the client will assess by assigning points; that is, not usually mandatory requirements, which are assessed on a pass/fail basis. However, may be combined with a mandatory requirement to meet a minimum threshold (for example, 70 percent on a criterion or averaged across a group of criteria), …
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