alliancing

alliancing
a procurement model where two or more parties share risks and rewards, to enable the successful delivery of joint objectives, with closely aligned incentives to ensure that common objectives are achieved. Unlike many other PPP models, risk is generally retained by the public sector. For more information, see Practice note, Partnering or alliancing on a construction or engineering project (www.practicallaw.com/5-383-9791).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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