The Importance of Transparency and Auditability in PPPs
Facing up to the Challenge of Complexity
As governments around the world seek to drive greater value from their investments, the ability of public-private partnerships (PPP) projects to deliver public infrastructure and services to budget and to the standard expected is under scrutiny.
This white paper reviews the importance of achieving operational auditability and transparency in public-private partnerships. With case studies drawn from mature markets, the paper sets out the problems that can occur in PPPs when auditability and transparency are compromised or not achieved, and the contrasting benefits that accrue when these factors are in place.
It makes a number of recommendations as to how to secure operational transparency and auditability in PPPs and examines how fully integrated PPP performance management software plays a central role in managing the PPP payment mechanism and mitigating risk.
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