MAKING SENSE OF PUBLIC-PRIVATE PARTNERSHIPS (P3s)

This article argues that confusion exists as to exactly what constitutes a public-private partnership (P3). This confusion, it is maintained, creates problems for public procurement professionals when advising elected officials and government administrators on the appropriate uses of P3s. The article looks first at the imprecise language used by organizations (governments and others) to define, describe and discuss P3s. A proposed consensus definition of P3s is then introduced together with an accompanying proposed taxonomy of P3 types. The article then demonstrates how the proposed consensus definition and taxonomy can bring more clarity to discussions about P3s and their uses. The article concludes by suggesting that some public procurement standard setting organization should undertake the task of developing and promulgating more prescriptive guidance on P3s.