What are the best practices for public-private partnerships?

What are the best practices for public-private partnerships?

Best practices for public-private partnerships (PPPs) include clear communication, defined roles, and risk sharing.

Can you elaborate on the importance of risk sharing?

Risk sharing is crucial as it ensures that both parties are invested in the project's success and mitigates potential losses.

What role does stakeholder engagement play in PPPs?

Stakeholder engagement is vital for gaining support, addressing concerns, and ensuring that the project meets community needs.

Are there any common pitfalls to avoid in PPPs?

Yes, common pitfalls include lack of transparency, inadequate planning, and failing to establish clear performance metrics.