Some believe it is possible for public-private partnerships to actually work successfully, if and only if they are structured differently than they have predominantly been. Privatization can only work if the contracts are well written with the public’s interest in mind, as well as corporate transparency. This means every negative aspect from privatization must be addressed in an initial contract so that the interest of the community, the public sector is prioritized over making profits. For instance, contracts must be tightly regulated with safeguards for public interest (Prud’homme). Examples of this could be conditions like private companies forfeiting payments if water quality is not high enough or repairs are not timely enough. The process of how corporations and the consumers go about resolving disputes must be clearly written so consumers can address any failures in provision of service.(CITE Internet article) This is a somewhat unrealistic solution as corporations would most likely not agree to such contracts, due to the fact that they would lose considerable profits. There are, however “a range of “alternatives” to privatization, including public–public partnerships, remunicipalization” …show more content…
A huge part of PUPs involves using money efficiently to lower costs. Sharing services can conserve a lot of money as public water utilities work together through joint capital projects or service agreements. (cite) The most significant part of Public-Public partnerships is that no partner(s) can reap a profit through the partnership. Basically these partnerships provide the advantages of collaboration, without the underlying agenda of private companies/corporations aiming to maximize profits