Recognizing the need to innovate, public administration service leaders must inspire new solutions to serve the demands of the global economy—but they need not do so alone. By redefining the existing relationship between public and private organizations, opening up greater trust and transparency, public service agencies can forge new ways of working to co-deliver public service for the future.
Accenture explores how governments can gain cost reductions by using public-private partnerships to deliver better outcomes and create better financing. We identify four fundamental elements to enable successful public-private partnerships. These four elements should influence the partnership, not only from a formal business perspective, but also in terms of the general mindset between the two parties.
Public-private partnerships can add value. In the short term, this may be implied value from lowering the transactional cost from ex-ante and ex-post contract management. In the long run, public-private partnerships can breed innovation using a new delivery model that helps public administrations navigate the shift toward delivering public service for the future.