Critical Success Factors (CSF's) for 3P's [Public, Private Partnership]

P3 Procurement is considered to be complex in Pakistan due to the presence of diverse geographical and social behavior across the country and lack of P3 experience and knowledge by the government officials and private sector dealing with the involvement of heavy capital over the long duration with the achievement of different interests by various stakeholders. Therefore, for the successful implementation of P3 projects across the country without disputes and losses during concession period, reliable and effective risk management is needed at all levels during the initial phase of the P3 project and very few empirical studies have been carried out to address this important issue.