Public-private partnerships
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27 Public-private partnerships
Public-private partnerships are emerging in the United States as a serious option to deliver public-use infrastructure in the United States. Certain trends have contributed to the use of public-private partnerships. The Federal government has also taken certain legislative and regulatory action to make public-private partnerships easier to pursue. We will discuss these steps, but also the many hurdles that exist to using public-private partnerships. Public-private partnerships give government agencies and departments and the private entity the ability to share profits and the impact that this profit-sharing capability places on decision-making. We will examine the potential benefits of public-private partnerships which include tapping into the ingenuitive nature of the private sector to address issues like infrastructure. Consider whether these projects are timely and the potential return on investment of these projects, as well as the impact on costs of the project when you have a public-private partnership.
This week, we will look at the best practices and lessons learned from a variety of sources. We will examine the key aspects of a public-private partnership when it comes to redevelopment, including transit-oriented redevelopment, as well as redevelopment of real property, especially in urban areas. Public-private partnerships are important when it comes to infrastructure development, such as those handling water and wastewater. We will also look at potential drawbacks for public-private partnerships, including what risks exist for the public and private entity. We will weigh the impact risk-taking has on the potential profits. In addition, let’s recognize that sometimes the expertise lies with the private entity and this puts this governmental entity at a distinct disadvantage.
We will define what a public-private partnership is and discuss the principles associated with a public-private partnership, including the risks and rewards. We will also look at the importance of a shared vision if entering into a public-private partnership, managing expectations of the team, and managing external stakeholders of a public-private partnership. We will look at common stages that are a part of most public-private partnerships. Examine the measurement of success of a public-private partnership, as well as the decision-making process in most public-private partnerships. Consider the leadership components of any public-private partnerships, as well as the importance of communication in any public-private partnership.
We will discuss the operational perspectives of a public-private partnership. We will look at the bottom line interests of the public that are at the core of any public-private partnership, and how the interests of the public entity and private entity influence the formation of the public-private partnership. We will also discuss the history of public-private partnerships in the United States, as well as how public-private partnerships define success. Consider the risks and rewards that are traditionally a part of any public-private partnership.
As we explore profit-sharing in public-private partnerships, we will also define what we mean by profit-sharing in a public-private partnership. We will discuss the risks and rewards associated with profit-sharing in a public-private partnership and look at the importance of a clear understanding of what is meant by profit-sharing between the public and private entity in a public-private partnership, and the importance of a clear understanding of how profits will be handled by each entity in the agreement. We will look at the opportunities created when profit-sharing is a part of a public-private partnership. Consider the measurement of success of profit-sharing in a public-private partnership, as well as the decision-making process when it comes to profit-sharing in most public-private partnerships. There are potential benefits and pitfalls when it comes to profit-sharing in a public-private partnership.
Profit-sharing has an impact on operational perspectives of a public-private partnership. We will look at the impact profit-sharing has on the bottom line interests of the public that are at the core of any public-private partnership, and how the interests of the public entity and private entity influence the profit-sharing decisions of the public-private partnership.
Explain uses of public-private partnerships
Understand common stages between public-private partnerships
Review the decision-making process in a public-private partnership
Identify the potential risks and rewards of a public-private partnership
Explain uses of profit-sharing in public-private partnerships
Understand common uses of profit-sharing proceeds in public-private partnerships
Review the decision-making process as to whether profit-sharing would be appropriate in a public-private partnership
Identify the potential opportunities for using profit-sharing in a public-private partnership
Discussion question:
What are different uses of public-private partnerships? What are common stages between public-private partnerships?
What is the decision-making process in a public-private partnership? What are the potential risks and rewards of a public-private partnership?
What are uses of profit-sharing in public-private partnerships? What are common uses of profit-sharing proceeds in public-private partnerships?
What is the decision-making process as to whether profit-sharing would be appropriate in a public-private partnership?
What are the potential opportunities for using profit-sharing in a public-private partnership?
Public-private partnerships
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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