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The Management Institute for National Development (MIND), today (January 26), opened a three-day public/private partnership workshop, aimed at improving knowledge of these types of collaborations and how they can be useful in ensuring value for money in public procurement.
Chief Executive Officer (CEO) of MIND, Mrs. Ruby Brown, described the workshop as another demonstration of the value of partnership in creating cohesion among all sectors, particularly in the face of economic challenges. She said MIND has sought to ensure that the public sector has the capability to effectively manage partnerships, in the effort to improve the investment climate and meet infrastructural needs.
The workshop will also explore how public/private partnerships can improve Government service delivery and contribute to stronger national economic growth and development. Participants will include chief technical officers, senior public sector officials, and select private sector partners. The forum is being hosted in partnership with the Commonwealth Secretariat’s Governance and Institutional Development Division (GIDD).
The intervention is designed for public sector executives concerned with certain aspects of public/private partnerships, including: public/private partnership (PPP) enabled frameworks; policy development and implementation; project initiation and development; major project procurement; risk identification and management; and project finance.
PPPs are a form of contractual arrangement that aims to achieve value for money in public procurement, improve governance service delivery, and contribute to stronger national economic growth, and development.
However, these types of partnerships are complex and require a robust process to maximise benefits to Government, a series overview from MIND noted.
The workshop will therefore examine PPPs as a procurement method and covers topics such as: the elements of a public-private partnership transaction; policy frameworks – best practice principles and lessons learnt; projections election; sustainable development principles; and the role of risk transfer, measurement, pricing and management.