Public-Private Partnership Evaluation Models: Perspectives from the Public Governance to Defend the Public Interest

Abstract

The widespread use of Public Private Partnerships (PPPs) has resulted in the identification of a number of issues related to lack of governance and inefficient assessments of the quality of service provided. In this context, the objective of this research is to identify the characteristics and conditions used to implement governance mechanisms that ensure the public interest in existing PPP contracts. Based on previous governance research, this study integratively categorized nine governance mechanisms based on the three principles established by the OECD (2012): Clear and Legitimate Institutional Framework; Rationale for proper VfM assessment and Transparent and Healthy Budget Process. The contribution of this research is to systematize the relevant literature on the subject, clarifying the complexity of these issues and offering new theoretical insights to identify the characteristics and conditions used as Value for Money governance and valuation mechanisms, capable of making a difference in the success and evaluation of PPPs in the public interest aspect.