BC PPP1

A famous example is Airbus, which began as a consortium of aerospace companies from France, Germany, the UK, and Spain to compete with Boeing.

The council is offering grants to renovate dilapidated storefronts in the downtown district." Descriptive Writing: "The dilapidated gates creaked loudly in the wind, revealing the overgrown garden behind them."

A bridge was supposed to cost $50 million but ended up costing $75 million. The $25 million difference is the "cost overrun."

Not good value for money for the public sector.

Would be cheaper to build and run public buildings with public money.

Difficult to terminate a contract

Can cost the UK tax payer lots of money.

The private sector should help the public sector run the services more cheaply.

Business Acumen: The ability to understand how a company makes money, how the market is shifting, and which risks are worth taking. Political Acumen: The skill to navigate complex social hierarchies, build alliances, and understand public sentiment.