CHAPTER ONE
1.0 INTRODUCTION
Public Private Partnership (ppps) is a means of using private finance and skills to deliver capital investment projects traditionally provided by the public sector. These include capital projects such as schools, hospitals, roads, and water facilities. Instead of the public body directly procuring capital assets and subsequently owning, operating, and regulating them. Public private partnerships (ppps) generally involve the private sector owning and operating, but the public sector buying the services from the contractor for a fixed period of time.
A public body enters into a contract with a private sector consortium to deliver the project. Part of the contract specifies that the private consortium must take on a considerable degree of the risk associated with the project. Risks include possible cost over runs, lower than expected usage, and so forth. The public sector body contracts with the private consortium to deliver some or all of the services associated with the investment over a number of years.
Electronic computer have outpaced man in the area of the speed with which the retrieve information, process it, and communicate the results. The capacity to store vast quantities of information, retrieve the information when needs arises for it are some of the main reason of the computer (web base). The computer complements the work of human system, which would have been much burden to him; it could be safe to say that computer is an extension of human brain.