Editing Public–private partnership (section)

===Institutionalised public–private partnership===

The [[European Commission]] issued an "interpretative communication" in 2008 regarding the establishment of '''institutionalised public–private partnerships''' (IPPP), whose formation generally involves simultaneously creating a new jointly-owned public–private entity and the award of a public sector contract or concession whereby the new entity supplies goods or services to the public body or the general public. The Commission acknowledged that separating these two procedures, such that the selection of the private partner and the decision on whether to contract with the new entity were distinct processes, would not be practical, and therefore a "transparent and competitive procedure" through which the private partner was identified and the terms of their involvement in the institutionalised entity could be compliant with treaty obligations and public procurement law. The guidance also noted that, following the establishment of the IPPP entity, it would be free to bid for future public contracts in the same way as other businesses, but particular care would be needed to ensure that the award process remained transparent.<ref>European Commission, [https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2008:091:0004:0009:EN:PDF Commission interpretative communication on the application of Community law on Public Procurement and Concessions to institutionalised PPP (IPPP)], 2008/C 91/02, published 12 April 2008, accessed 8 August 2023</ref>