Contracting for Public Value: New Thinking for More Effective, Accountable, and Sustainable Public Service Contracts

Public-private partnerships (PPPs) play an increasingly central role in the delivery of public services worldwide, promoting long-term institutional cooperation through multisector partnerships. If well-structured and managed, PPPs offer the opportunity to expand public service capacities while sharing financial and operational risks and responsibilities with private partners. Yet many PPPs experience conflict and fail, squandering public resources and falling short in serving the public in...