Hi from Bangkok!

[quote=Mahmud Tokon]Nice feeling to join Public Private Partnership (3P's). PPPs provide benefits by allocating the responsibilities to the party - either public or private - that is best positioned to control the activity that will produce the desired result. With PPPs, this is accomplished by specifying the roles, risks and rewards will march with partnership, so as to provide incentives for maximum performance and the flexibility necessary to achieve the desired results. I the PPP meets the following points: - Expedite completion compare to conventional project delivery methods; Project cost savings; - Improve quality and system performance from the use of innovative materials and management techniques; - Substitution of private resources and personnel for constrained public resources; - Access to new sources of private capital and - Establish bondage to work together and change [/quote] Mahmud, from your description of PPPs, I first thought that you were presenting PPPs as a more structured and planned model, but after rereading your post a few times, I believe that you and I are fundamentally in line. Specifically, I tend to look at PPPs in terms of entrepreneurship (social and commercial) rather than a prescribed set of roles. In my experience, opportunity results in entrepreneurs on both sides of the PPP equation assessing the various factors (financial, social, political, etc), identifying opportunities and establishing an equilibrium position to maximize those opportunities. If there is no equilibrium, then the partnership is not a partnership and the endeavor generally fails. If my understanding of your position is correct, then as I look at the points you make, I find myself in strong agreement assuming that there is a fair partnership established that equitably distributes returns. These returns may not only be economic in the form but they may also be social, cultural or political. Looking at each of your points: - Expedite completion... If each party in the PPP has a position that provides benefits outweighing the costs, then they will indeed strive to make the effort a success and do so with haste. - Improve the quality... This is a GREAT point. As an entrepreneur striving to take advantage of an opportunity, I will use what ever innovations I can - be they technological or processes based to make the initiative a success. This inherently challenges the status quo for the positive. - Substitution of... Public resources are constrained in many ways and while they may wish to innovate, many times, the system at large and the obligations that the public sector has tend to make this infeasible. The private side of a PPP innovation can react and fill a gap (opportunity) resulting in needs being met and value being created. - Access to... When there is opportunity, there will be investors who will support a good idea to capitalize on it. This is true universally and is how new value is created. - Establish bondage... In a PPP the last P is Partnership. When there is an equitable distribution of opportunity and return, then both parties in the PPP become linked and as such, have a vested interest in ensuring that they are collectively successful. Philip