“This paper is designed to fill that gap [in public-sector understanding of PPPs] by providing an overview of basic PPP structure, how to consider proper risk and reward sharing, and the purpose and the rationale behind these arrangements. It is based on extensive background research and directly informed by interviews with leading practitioners from the public and private sector. Primarily, this paper presents nine recommendations for public leaders as they consider PPPs and is intended to serve as a guide to executing them in the public interest.”