What does PPP mean in BRITISH

A public—private partnership (PPP) is an agreement between two or more parties from both the private and public sectors in order to achieve specific objectives. The agreement typically provides for each partner's roles and responsibilities in terms of financing, constructing, operating, or maintenance for large projects such as infrastructure or other large services.

Public—private partnerships can help governments increase service quality by leveraging private sector expertise. They also facilitate access to critical private capital that would otherwise be unavailable to certain government departments or agencies. Furthermore, they can reduce risks associated with government projects by spreading them across multiple partners and providing predictability in terms of cost and delivery timelines.

Public—private partnerships usually involve both the public sector (such as local governments), and the private sector (like investors). Additionally, NGOs may be included as third party participants if they are necessary in facilitating project goals.

Generally speaking each agreement will specify respective roles and responsibilities when participating in a PPP agreement. For example each party might take all financial risk associated with construction costs in addition to their own contracted role or responsibility; such as developing/ implementing/monitoring particular aspects of the project.

You should consider using this approach when you require additional resources which are beyond your organization's capacity — whether financial or operational —in order to successfully deliver your project goals. Also it makes sense if you want access to specialized knowledge or skills through tapping into innovative solutions from across industry sectors.