Achieving the effect of innovation in the implementation of public tasks under a public-private partnership agreementachieving the effect of innovation in the implementation of public tasks under a public-private partnership agreement
Subject and Keywords:
Public-private partnership can be an effective way to implement operations that ensures the achievement of public policy objectives by combining different forms of public and private funds. A public entity, initiating proceedings aimed at establishing a PPP, must be aware of the implementation of not only its objectives within the project. A public entity may be obliged to implement also other objectives defined by law, and regarding the rules of spending public funds. Development based on innovation is one of the most important among these objectives. Achieving the effect of innovation as part of the implementation of the undertaking in the PPP formula depends on many factors, both internal and external to the public entity.