Public-Private Partnership (PPP) is a general expression describing a vast array of contracts, ra... more Public-Private Partnership (PPP) is a general expression describing a vast array of contracts, ranging from finance leases to concessions. This paper deals with a peculiar type of Public- Private Partnerships, introduced by the British Private Finance Initiative (PFI) and implemented in France under the Partnership Contracts framework. These contracts rely on project finance for their funding and provide services sold
In June 2004, France adopted a new PPP contract known as the contrat de partenariat. Most feature... more In June 2004, France adopted a new PPP contract known as the contrat de partenariat. Most features of this new procurement method have been drawn out from the best practices of the British Private Finance Initiative (PFI) policy. Firstly, long-term service contracts with performance-related payments were introduced into the French procurement system. Secondly, the decision to enter into such a
... Figure 1 Overrun risks in traditional procurement ... As the cost structure of the private co... more ... Figure 1 Overrun risks in traditional procurement ... As the cost structure of the private contractor is known entry by entry, the contracting authority compares them ... in the Defence Fixed Telecommunications System (DFTS), the Treasury Building and most of the Hospital PFI contracts ...
Alors que de nombreux travaux se sont penchés sur l'optimalité du recours aux partenariats pu... more Alors que de nombreux travaux se sont penchés sur l'optimalité du recours aux partenariats public-privé ou sur les enjeux posés par la structure d'attribution des risques entre les parties, les difficultés d'exécution des contrats de partenariats public-privé n'ont fait jusqu'à présent l'objet que de rares analyses. Les principaux travaux développés sur les difficultés d'exécution des contrats de partenariat public-privé portent
Public-Private Partnership (PPP) is a general expression describing a vast array of contracts, ra... more Public-Private Partnership (PPP) is a general expression describing a vast array of contracts, ranging from finance leases to concessions. This paper deals with a peculiar type of Public- Private Partnerships, introduced by the British Private Finance Initiative (PFI) and implemented in France under the Partnership Contracts framework. These contracts rely on project finance for their funding and provide services sold
In June 2004, France adopted a new PPP contract known as the contrat de partenariat. Most feature... more In June 2004, France adopted a new PPP contract known as the contrat de partenariat. Most features of this new procurement method have been drawn out from the best practices of the British Private Finance Initiative (PFI) policy. Firstly, long-term service contracts with performance-related payments were introduced into the French procurement system. Secondly, the decision to enter into such a
... Figure 1 Overrun risks in traditional procurement ... As the cost structure of the private co... more ... Figure 1 Overrun risks in traditional procurement ... As the cost structure of the private contractor is known entry by entry, the contracting authority compares them ... in the Defence Fixed Telecommunications System (DFTS), the Treasury Building and most of the Hospital PFI contracts ...
Alors que de nombreux travaux se sont penchés sur l'optimalité du recours aux partenariats pu... more Alors que de nombreux travaux se sont penchés sur l'optimalité du recours aux partenariats public-privé ou sur les enjeux posés par la structure d'attribution des risques entre les parties, les difficultés d'exécution des contrats de partenariats public-privé n'ont fait jusqu'à présent l'objet que de rares analyses. Les principaux travaux développés sur les difficultés d'exécution des contrats de partenariat public-privé portent
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