The impact of contract characteristics on the performance of public–private partnerships (PPPs)
Authors:
- Erik Hans KlijnEKErik Hans Klijn
- Joop KoppenjanJKJoop Koppenjan
Open Access
- 4 July 2016
- journal article
- research article
- Published by Taylor & Francis in Public Money & Management
- Vol. 36 (6) , 455-462
Abstract
Four significant features of public–private partnership (PPP) contracts are analysed to understand their impact on performance. These are whether the contract allows sanctions to be imposed; its complexity; its flexibility; and whether renegotiation is possible. The effects of these characteristics were investigated by surveying participants in all of the PPP projects in The Netherlands. The only feature considered to have any significant impact on perceived performance was the possibility of imposing sanctions. The authors’ findings cast doubt on earlier research into managing PPP performance and suggest that researchers, governments and the private sector need to look beyond contract terms to properly understand and manage PPP performance.Keywords
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