Contracting Through The Application Of The Public-Private Partnership Model
Contracting Through The Application Of The Public-Private Partnership Model

Summary/Abstract: The model of public-private partnership (hereinafter: PPP) model is being increasingly used in contracting international affairs. The public sector has until recently predominantlz relied on project funding from the limited budget resources, loans of international financial institutions and development assistance funds primarily from the European Union. Contracting of international business affairs through the PPP model requires legal, financial and technical expertise, and the success of the project depends on the negotiating skills of the involved parties during the contracting process. The most difficult challenges in the conclusion of international affairs through the PPP model are uncertainty and risk. Negotiations are invariablz exposed to a variety of challenges, such as: the environment, culture, ideology, bureaucracy, regulations, possible sudden change in circumstances. If the conditions for the application of the PPP model are created, the model should enable the public partner to realize as much “value for money” as possible.

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