Public and Private Partnership Barnhill school, Hillingdon Essay

Public and Private Partnership Barnhill school, Hillingdon - Essay Example The popularity of the PPPs has been likely to increase over the years as there are a greater number of such partnerships between the private and the public sector, where the public sector’s limited budgets persist the adoption of such a partnership and the private sector envisages opportunities of making profits through such partnerships. However, this partnership demands a close scrutiny in order to have a complete analysis of the outcomes that are required. The possibilities of the partnership between the two sectors is illustrated with the (Figure 1)As the figure illustrates at one extreme the public sector can fully take charge and responsibility of all the aspects of the service delivery including the infrastructure, whereas the private sector can also take up these responsibilities. However, there is a variation relative to a number of responsibilities taken up by both the sectors. In the ideal situation the PPPs help in capitalizing the strengths of the parties from bot h the sectors, so as to make the partnership mutually beneficial.A new school needed to be established in the Borough of Hillingdon by the Hillingdon Borough Council in order to provide additional space within the borough for educating 1450 school children, between the ages of 11 and 18 years (Ryan, 2004). The school required facilities that included assembly hall, dining area, catering facility, library, IT suite, sports hall a stimulating indoor environment, hence a complete construction of the building on the existing site. For this to take place Private Finance Initiative (PFI) was used as the route of procurement in order to make use of the public money in a better and effective way. The government policies were taken into consideration for the project that also required it to be environmentally, economically and socially sustainable (Garwood, Logan, Mills, & Willoughby). The Stakeholders to the project The PFI project (Broadbent & Laughlin, 1998) has two fundamental requiremen ts that it must demonstrate the value for money and also there should be transfer of risk from the public sector to the private sector. As for the value of money, it can be

Economics - Various Essay Example | Topics and Well Written Essays - 750 words

Economics - Various - Essay Example In the case of negative externality, one of the best examples is the concern regarding pollution. Consider a manufacturing company operating of garments marketed to Europe based in Northern Thailand. The operation of the company releases contaminants in sewage which has been linked to the decline fisheries in the lower regions of the Mekong River. In this case, the operations of the company are not impacted directly or the buyers of the products affected by the issue. To illustrate a positive externality, consider the case of state or governments providing police to ensure and monitor public safety using tax revenues. Public safety is mainly in the interest of social or public welfare. This is provided by the government or the state to its citizens but also has the effect of increasing the competitiveness’ of markets and confidence of investors. Social stability encourages foreign direct investments and economic sustainability. Mergers are a means of corporate or operational expansion, generally mutually contracted, with the objective of increasing competencies, streamlining or to consolidate market interests or economies of scale for long term profitability. To contrast it from acquisition, acquisitions usually entail one company buying or gaining control of another company. Mergers are considered to be more â€Å"friendly† than acquisitions but are also considered to be more challenging since it requires compromising more parties or interests (Lien, 2005). Mergers are mainly classified as horizontal, vertical or conglomerate. Other classification of mergers include congeneric mergers, reverse mergers, accretive mergers and dilutive mergers but these have more limited use in research and are considered in general under the aforementioned main classifications. Horizontal mergers occur when the companies involved have similar products