ADMINISTRATIVE SOLUTIONS FOR IMPLEMENTATION OF COMPETITION PROJECTS IN THE FRAMEWORKS OF PUBLIC-PRIVATE PARTNERSHIP

Abstract

The overall goal of public-private partnership projects (PPPs) is to find solutions to problems combining the benefits of the private sector (availability of financial assets, good governance, propensity for innovation and entrepreneurship) with the advantages of public sector (social issues and environmental concerns). From an economic feasibility perspective, the PPP project should integrate the efficiency of resource allocation with production efficiency which totally outperforms the selected public or private projects. Traditional PPP management (projects under the current stage of national economic development) loses its edge since it stems from the assumption of about the project scale dimension, that is, the project results validity (products to be made and their inherent properties). Thus, eventual PPP projects should be viewed through the prism of systems thinking and management paradigm through which the project becomes apparent not in isolation but as a whole in the context of what is happening. The research findings provide evidence that enhancing management efficiency at all stages of the PPP project can be achieved through implementation of the following actions: 1) improving public access to information about the project and the competition procedures; 2) creating individual websites for the participation of potential partner companies in the competition (for medium and small projects, in particular); 3) increasing competition; 4) building a real project team with an effective leader; 5) providing opportunities for selective monitoring of the performance with the participation of external consultants, thus facilitating a framework for enhancing transparency and overall control as well as contributing to reducing corruption.