Shake-out time for contract operators

The US contract ops market seems to have settled into a kind of rhythm. The major players have accepted that achieving growth can be a frustratingly slow process.

When big public-private partnership (PPP) contracts came of age in the US during the 1990s, the market appeared promising – the private sector had very low penetration, and everyone expected a big leap forward.

But after a short period of growth, contract operators struggled to fulfil contracts, and the stream of sizeable new contracts tailed off. Why? Contractors found themselves in ...

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